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.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss