Montenegro: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro
| Author | : International Monetary |
| Publisher | : International Monetary Fund |
| Total Pages | : 76 |
| Release | : 2022-02-24 |
| ISBN-10 | : 9798400201332 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Download or read book Montenegro: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Montenegro written by International Monetary and published by International Monetary Fund. This book was released on 2022-02-24 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: COVID-19 hit the economy hard, but a strong recovery is underway. Public debt, already elevated before the pandemic, has increased further. The government has embarked on a reform program ‘Europe Now’, which aims to arrest outward migration through a sharp minimum wage increase, labor tax wedge reduction, and the introduction of a progressive tax code. The financial sector appears to have withstood the COVID-19 shock well.
