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Visit-Montenegro.com : Growth of the GDP will Slow Down
IMF’s Estimates for Montenegro: Growth of the realistic GDP in Montenegro, according to the estimates of the International Monetary Fund (IMF), will amount to 7,5 percent this year, while it will drop to five percent during the next year. Slowdown of Montenegrin GDP’s growth would also continue in the upcoming period, as global estimate of the IMF reads, to drop to four percent by 2013.
Washington (MINA-BUSINESS) – Growth of the realistic GDP in Montenegro, according to the estimates of the International Monetary Fund (IMF), will amount to 7,5 percent this year, while it will drop to five percent during the next year.
Slowdown of Montenegrin GDP’s growth would also continue in the upcoming period, as global estimate of the IMF reads, to drop to four percent by 2013.
During this year, inflation rate would amount to 9, 2 percent, which is the highest rate since 2002.
According to these estimates, inflation will drop to 5,2 percent next year and keep dropping till it reaches only three percent in 2013.
Account deficit of Montenegro will remain on last year’s level with 39, 6 percent, while it would drop to 36, 8 percent of the GDP during 2009.
IMF estimates that account deficit would show downward sloping trend to drop to 16,7 percent of the GDP in 2013.
Due to incomplete data, IMF did not include Montenegro in its’ estimates of the global economic trends, although Montenegro is a member of this organization since the beginning of last year.
IMF report also states that this institution does not include countries which are not its’ members or those which do not posses complete data-basis in its overall presentations.
Observed countries are divided into groups of advanced and developing economies. Montenegro is in the second group of countries.
Due to incomplete data, overall report also does not include Serbia, Bosnia and Herzegovina, Afghanistan, Brunei, Eritrea, Iraq, Libya, Somalia, East Timor and Zimbabwe.
Cuba and Democratic Republic of Korea are not included in this report, as they are not members of the IMF.
San Marino, as an example of an advanced economy, or Aruba, Marshall Islands, Micronesia and Palau as developing economies, are also not included in this report, as there is incomplete data basis for these countries.
In the region of Southeastern Europe, in which IMF also includes Croatia, Bulgaria and Romania, anticipated economic growth for this year amounts at 7,3 percent.
During the next year, according to the IMF, economic growth would amount to 4,5 percent.
IMF has lowered its’ estimates for the global economy. According to its’ most recent predictions, it will mark growth of 3, 9 percent this year, which is less than 4, 1 percent announced in July.
During the next year, IMF expect the slowdown of the global economy to 3 percent, which would be its’ lowest growth rate during the last seven years.