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Nov 08, 2007 18:44 EEST
PODGORICA (Montenegro), November 8 (SeeNews) – Montenegro expects its economy to grow by a real 6.2% average in the next three years, up from a projected 6% for this year, Economics Minister Igor Luksic said on Thursday.
‘We expect inflation to be an average 3.5% in 2008, 2009, 2010 and the gross domestic product (GDP) to grow by an average 9.7% in nominal terms,’ Luksic told a news conference, after the regular government meeting at which the 2008 budget draft was adopted.
“We expect 2.53 billion euro ($3.7 billion) GDP for the next year, 2.77 billion euro for 2009 and in 2010 for the GDP to reach some 3.0 billion euro,” Luksic said.
Last week the Economic Development Ministry said Montenegro's GDP for the first nine months of 2007 rose by 7.1% on the year, well above the previously projected growth of 6.0% for the country of 620,000 people.
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