Montenegro Expects 3.6% Avg Annual Economic Growth by 2018

The government of Montenegro said it expects the country to post an average annual economic growth of 3.6% by 2018, down from the previous projection of 3.8%.

The projection for the country’s economic growth in 2014 was affirmed at 2%, the government said in a statement on Thursday, following the adoption of the three-year macroeconomic and fiscal policy guidelines.

The government said earlier it expects Montenegro’s economy to expand by 3.5% in 2015.

In the third quarter of 2014, Montenegro's gross domestic product (GDP) rose by a real 1.3% on the year, compared to a revised 4.1% increase a year earlier, according to preliminary data of the statistics office.

In 2013, the Montenegrin economy expandedby a real 3.3%.

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