IMF sees 2% GDP growth for Montenegro in 2011.

By bne IntelliNews May 13, 2011
Montenegro's GDP will grow by 2% in 2011 and by 3.5% in 2012, the International Monetary Fund (IMF) said in the latest edition of its Regional Economic Outlook for Europe. Domestic demand is seen decreasing by real 1.2% in 2011 and recovering to 1.2% growth in 2012. Growth in private consumption is also projected to be negative in the current year (-2.3%) and to improve to -0.1% in 2012. Exports are expected to expand by real 8.2% in 2011 after which growth will slow down to 5.2% in 2012. The 2011 average CPI inflation is projected at 3.1% and is expected to decelerate to 2% in 2012. The current account deficit is seen at 24.5% of GDP this year, the largest for the region. It will decrease to 22.1% in 2012. Total external debt will reach 99% of the country's GDP in 2011 and 97.5% in 2012.

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