Higher interests could slow down the growth ( 2008-10-01)
| The financial crisis that started in the USA and expanded to some European countries will certainly influence Montenegro, but not as much as the Western European countries. Economic analyst Vasilije Kostic says that the global crisis can result in higher interest rates, which would influence the slowing down of the economic growth and the privatisation process. However, he points out that higher interest rates in globalisation do not have to imply slower growth. The Montenegro Business Alliance (MBA) points out that credits for construction and development in Montenegro are an important source of financing, which is why the amount of interest rates is very important. 1.10.2008. (Republika) |
