Against the backdrop of a stimulating fiscal policy, a significant increase in the volume of foreign trade operations and an increase in the volume of credit investments directed to the economy, the stability of economic activity remains.
As the Central Bank reports, according to the results of a survey of enterprises in the real sector of the economy conducted in August, the index of economic activity formed at a higher level compared to previous months and amounted to 55 points.
In January-August 2022, banks issued 18% more loans, in particular, to households - more by 50% compared to the same period last year. The increase in pensions and wages, as well as the increase in the volume of cross-border money transfers, in turn, became factors in the increase in total cash receipts in trade and paid services by 1.3 times compared to the corresponding period last year.
The current uncertainties in external economic conditions have both a positive and a negative impact on the economy of our country. While the prices of global logistics services continue to rise, there has been a relative slowdown in the price of basic food commodities, as well as a decline in some of their types.
In January-August of the current year, in foreign trade operations, there were growth trends in both export earnings and import payments. In particular, export earnings increased by 37%, import payments - by 27%, and the volume of cross-border money transfers - by 2.1 times compared to the same period last year.
This situation, observed in foreign economic relations, will balance the domestic foreign exchange market and positively affect the stability of the national currency.
