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PM: Economic growth in Belarus should not jeopardize macroeconomic stability

MINSK, 18 March (BelTA) – It is necessary to keep the Belarusian economy growing without hurting macroeconomic stability, Prime Minister of Belarus Aleksandr Turchin told journalists, BelTA has learned. 

“I want to calm down our citizens, our experts who are afraid that the new government together with the National Bank will print so much money that the exchange rate will collapse, there will be hyperinflation and the economy will crumble. People working in the government and the National Bank are competent enough to understand all the challenges and risks. The task is to maintain balanced economic growth. Yes, we have macroeconomic stability, we have growth. Sometimes it is very hard to balance them. If you ask me, if I had to choose between high growth and macroeconomic stability, I would choose the latter,” Aleksandr Turchin emphasized.

The prime minister noted that Belarus has achieved a high level of wages and would like to maintain momentum. “Today we must ensure economic growth without jeopardizing macroeconomic stability,” the head of government emphasized. 

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