Montenegro's government plans to introduce next month a package of economic measures to strengthen the energy sector and limit the country's dependence on tourism, president Milo Djukanovic said on Thursday.
The decisions that will be taken will be crucial for Montenegro's economic development over the next decade, as the country needs to take advantage of its energy sector potential, Djukanovic said in a video file posted on the website of public broadcaster RTCG.
"What we can say now is that the world will recover primarily through better use of the banking and energy sectors," Djukanovic said.
On Tuesday, the International Monetary Fund (IMF) said it expects Montenegro's economy to contract by 9.0% in 2020 after growing by 3.6% in 2019. In 2021, Montenegro's gross domestic product (GDP) is expected to grow by 6.5%, IMF said in the April edition of its World Economic Outlook report.
(SeeNews, April 16, 2020)
