wiiw Current Analyses and Forecasts
Montenegro: More of the same
in: Double-dip Recession over, yet no Boom in Sight
wiiw Current Analyses and Forecasts No. 11, March 2013 , pp. 105-106
In Montenegro, forecasts for this and the next two years are not all that different from that for the
neighbouring countries and the Balkan region as a whole. Prospects in the medium term depend on
the success of the tradable sectors, which in turn will depend on the regional and the developments
in Europe and in Russia. The fact that the country is negotiating with the EU should prove helpful.
The main hurdle, rule of law issue, has now been shifted to the beginning of the negotiations and will
be a challenge. Once that is cleared, Montenegro can expect to be the next new member of the EU.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Montenegro, SEE