wiiw Forecast Reports
MONTENEGRO: Legitimacy crisis ahead of NATO accession
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With stability assured, the adjustment process in Montenegro now needs to deal with external imbalances. This means that consumption will have to grow slowly, if at all. Everything thus hinges on: (i) investment growth, which is quite sensitive to security and stability risks; and (ii) tourism, which has performed rather well to date. Bearing that in mind, we can expect a growth rate of around 3% being maintained over the medium term.
Countries covered: Montenegro, SEE