wiiw Forecast Reports
MONTENEGRO: Slowly improving picture
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in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 77-79
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MONTENEGRO
Last year ended with a rebound from the year before: GDP grew 2.5% mostly because of increased investments, both public and private, and improving net exports due to a continued contribution from tourism and declining imports of goods and services. Consumption stagnated and there are few signs that it will be recovering more than modestly in the medium term. As in most other countries in the Balkan region, but also elsewhere in the transition world, real growth of GDP is not expected to accelerate beyond 3%. Whether that is the new long-term growth rate is an open question.
Last year ended with a rebound from the year before: GDP grew 2.5% mostly because of increased investments, both public and private, and improving net exports due to a continued contribution from tourism and declining imports of goods and services. Consumption stagnated and there are few signs that it will be recovering more than modestly in the medium term. As in most other countries in the Balkan region, but also elsewhere in the transition world, real growth of GDP is not expected to accelerate beyond 3%. Whether that is the new long-term growth rate is an open question.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Montenegro, SEE