Montenegro

Oxford Economic Country Briefings | August 2, 2007| | Copyright

Highlights and Key Issues

* GDP growth picked up to 8.2% in 2006 and maintained a similar pace in H1 2007, fuelled by a strong rise in inward investment since independence last May. Tourism, and construction related to it, are the main expansion areas, with foreign visitor numbers returning to pre-war levels and expected to exceed 1 m this year.

* A primary budget surplus has kept inflation low and is reducing the public debt, and credit ratings are rising towards investmentgrade. Lower borrowing costs and EU assistance following the Association Agreement in March will promote public ...

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