• petak, 25 jul 2025

ISSP: This year`s inflation 20 percent

ISSP: This year`s inflation 20 percent
Podgorica (MINA-BUSINESS) - This year#s inflation in Montenegro will be 20 percent and unemployment 25 percent, researchers of Podgorica-based Institute for Strategic Studies and Forecasts (ISSP) said in the March issue of their magazine Monet. Inflation in 2001 stood at 26.6 percent with goods rising 23.8 percent and services 47 percent. ISSP researcher Maja Bacovic said that in 2001 unemployment rate stood at 28.7 percent and was expected to decline this year following company privatisations, banking sector recovery and more credits to the corporate sector. Per capita income was halved compared to 1989 when it stood at around 2,000 U.S. dollars. Gross domestic product per capita fell in the same period from 3,700 dollars to 1,900 dollars. Montenegro#s current account deficit in 2001 stood at 134 million dollars and its trade gap was around 260 million dollars. Total budget revenues stood at 443.4 million German marks, with the budget deficit of 78 million marks mainly financed from foreign donations, privatisation receipts and local borrowing.