Republic of Montenegro: Financial System Stability Assessment International Monetary Fund

ISBN: 9786613739766

Published: February 4th 2008

ebook

39 pages


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Republic of Montenegro: Financial System Stability Assessment  by  International Monetary Fund

Republic of Montenegro: Financial System Stability Assessment by International Monetary Fund
February 4th 2008 | ebook | PDF, EPUB, FB2, DjVu, audiobook, mp3, RTF | 39 pages | ISBN: 9786613739766 | 4.57 Mb

1. Montenegro is highly exposed to the rapidly dimming global outlook. Global financial turmoil and recession will likely have a substantial adverse impact on confidence, credit growth, tourism, and FDI inflows in the near term. Thus, a sharpMore1. Montenegro is highly exposed to the rapidly dimming global outlook.

Global financial turmoil and recession will likely have a substantial adverse impact on confidence, credit growth, tourism, and FDI inflows in the near term. Thus, a sharp deceleration in growth is expected in the near term. Moreover, over the medium term only a modest rebound in growth is expected, as FDI and credit growth are unlikely to return to the extremely high levels observed in recent years.

Cooling demand will also have a substantial adverse impact on fiscal revenues, and the fiscal position is coming under pressure.



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