IMF revises up Montenegro's GDP growth forecast to 0.3% in 2010.

By bne IntelliNews November 24, 2010
The International Monetary Fund (IMF) has revised up its forecast for Montenegro's gross domestic product saying it expects the company's economy to grow by 0.3% this year and expand by 3.0% in 2011, the head of IMF mission to Montenegro, Gerwin Bell, said. Earlier in November, Bell said the country's economy will most likely shrink by 0.5% in 2010, compared to a previous projection for a 1.8% contraction. Montenegro's GDP contracted by 5.7% in 2009, following a 6.9% expansion in 2008.

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