Montenegro: 2018 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, May 21, 2018
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- Canonical URL
- Montenegro: 2018 Article IV Consultation-Press Release and Staff Report
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Bibliographic details
- Published: May 21, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484356968.002
Economic growth and drivers
- Montenegro’s economy is growing strongly, boosted by the implementation of large investment projects, including the construction of the Bar-Boljare highway.
- The implementation of large publicly financed infrastructure projects has added to economic growth.
Staff growth projections
- IMF staff projects the economy to expand by 3 percent in 2018.
- IMF staff projects the economy to expand by 2.5 percent in 2019.
- Growth should continue over the medium term, albeit at a more moderate pace as highway construction ends.
Fiscal stance and public debt
- Fiscal consolidation is expected to act as a moderate drag on growth.
- The accompanying use of fiscal resources for large publicly financed infrastructure projects has contributed to a large increase in government debt.
Outlook and momentum
- Economic growth should remain strong in 2018, notwithstanding fiscal consolidation, and maintain momentum over the medium term.
Thematic coverage (as listed)
- Banking, Capital spending, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt
Content in this bundle
- Country Report