wiiw Current Analyses and Forecasts
Montenegro: Policy challenges
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in: Recovery: Limp and Battered
wiiw Current Analyses and Forecasts No. 8, July 2011 , pp. 94-95
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In Montenegro the decline in output was quite marked: about 6% in 2009. In 2010 the economy did not recover all that much. GDP growth will pick up speed somewhat in 2011, increasing to 2%. It is expected that the EU will set a date for the start of negotiations on accession: possibly December this year. That will be of benefit to the financial markets, as the state is borrowing in commercial markets. It will also mean increased transfers from EU funds.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Montenegro, SEE