World Bank cuts Montenegro's growth forecast to 0.5% in 2012.

By bne IntelliNews June 14, 2012
The World Bank (WB) estimated that Montenegro's economy will grow by a real 0.5% in 2012, according to the latest Global Economic Prospects report. The projection was lowered from 1.5% in the Global Economic Prospects 2012 report, released in January. In 2013 and 2014, growth in Montenegro will accelerate to 1.5% and 3%, respectively, the institution projects. The current account deficit is estimated at 16.9% of GDP in 2012 and will further decline to 15.7% and 13.7% of GDP in 2013 and 2014, respectively. In the final draft of its latest macroeconomic projection, following the budget revision, Montenegro's government also expects real growth of 0.5% in 2012. Economic growth will accelerate to 1.5% in 2013 and further to 3.5% in 2014, according to the government.

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