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incomes than balancing that against the inflationary effect of artificially lifting incomes.
4.5.2 Retail sector dynamics
Retail sales continue their strong growth up 9.5% y/y on March on the back of the economic recovery and the rise in nominal incomes. Retail is slowly developing and the sector is consolidating. Consumption is becoming and increasingly important source of economic growth.
10 BELARUS Country Report June 2018 www.intellinews.com
