Lukashenko hopes Belarus’ economy recovers fast once world markets reopen

   There is an opportunity for rapid recovery of the national economy after a recession caused by the closure of borders and world markets due to the pandemic, Belarus President Aleksandr Lukashenko said at a government meeting in Minsk to discuss social, economic and political issues.According to the head of state, the main focus has recently been on the economy and treatment of people in light with the ongoing pandemic. “Due to the hysteria that unfolded in the mass media, which has made the most severe impact on people and through people on the economy, the heads of state of the entire planet have taken serious decisions to close down the countries (read: close the economy),” said Aleksandr Lukashenko.The relevant situation, including that of Belarus' main partners, could not but affect its economic development, the President pointed out:

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 Our economy is export-oriented. Therefore, there has been a certain decline in the economy. The decline is acceptable, tolerable, though. This suggests that if the opening of the countries is more intense than now (and the process has already begun, no one will stop it, because people are outraged, they do not want to sit in isolation), then we will be able to quickly restore our economy.Even in the current situation, many industries, such as agriculture, construction, IT and a number of others, are delivering growth. The industry will face some issues though. We could not buy components (we used up everything we had). Hence, we could not sell our products. But there is a lot of finished products, which have already started to sell out. This is a good signal for the future.