You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

IMF lifts Montenegro's 2018 GDP growth forecast to 3.7%

Author Radomir Ralev
IMF lifts Montenegro's 2018 GDP growth forecast to 3.7% License: Creative Commons BY-NC 2.0

PODGORICA (Montenegro), October 9 (SeeNews) – The International Monetary Fund (IMF) said on Tuesday it expects Montenegro’s economy to expand by a real 3.7% in 2018, up from a growth rate of 3.1% projected in April.

Montenegro's gross domestic product (GDP) is expected to grow 2.5% in 2019 and 3.0% in 2023, the IMF said in its October 2018 World Economic Outlook report.

Montenegro saw economic growth of a high 4.3% in 2017, according to the report.

The IMF expects an average consumer price inflation of 2.8% in Montenegro in 2018, up from 2.4% in 2017. The average inflation is seen at 2.0% in both 2019 and 2023.

Montenegro's current account deficit is projected at 16.8% of GDP in 2018, before declining to 16.0% next year. The shortfall is expected to shrink to 8.3% of GDP in 2023. The current account gap stood at 16.3% in 2017.