wiiw Forecast Reports
MONTENEGRO: Election results could offer fresh hope
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in: Beneath the Veneer of Calm
wiiw Forecast Report No. Autumn 2023, October 2023 , pp. 100-103
Montenegro’s economy performed exceptionally well in H1 2023, growing by 6.5%. The economy is still feeling the positive effects of last year’s social reform, which is boosting household consumption. Moreover, there has been a strong tourist season, as well as vibrant investment in hotel facilities and energy infrastructure. The potential formation of a new governing coalition offers hope of a stable political environment. We have upgraded our previous GDP growth forecast for 2023 to 4.5%.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Montenegro