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Montenegro Country Report 2012

03 September 2012
by marketresearch -- last modified 03 September 2012

The IntelliNews Montenegrin Country Report is a monthly report, covering the major macroeconomic indicators and trends in Montenegro, as well as important political developments. Prepared by local analysts, it provides the most accurate data, updated regularly according to the data changes noted by the whole range of statistics sources.

Price EUR 166.75
Publisher IntelliNews
Publication date 14 June 2012
Available from Dispatched and sold by marketresearch.

In May, based on economic and institutional developments, international credit rating agency Moody's confirmed that the outlook for the government's long-term debt rating is currently stable. The Ba3 government bond rating reflects slower economic growth and a rising government debt burden. The agency Moody's does not foresee a significant reduction in public debt over the next year as slow revenue growth and elections in 2013 may complicate the task of fiscal consolidation.

Meanwhile, rising fiscal imbalances in the country that prompted a revision of Montenegro’s budget led to the introduction of new taxes, that was officially adopted in May. The deficit will reach 2.5% of GDP in 2012 and public debt will rise to 50.1% of GDP, according to the revised government projections.

On a positive side, the industrial sector rebounded in April by 20.8% on the year and this is the first positive annual growth since August 2011. The retail trade also posted strong resutls, rising by 15.7% y/y (in constant prices) in April.

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