wiiw Forecast Reports

MONTENEGRO: Longing for European integration


Bernd Christoph Ströhm

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 115-118

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Montenegro’s economy continues to benefit from strong tourism, a rise in investments and an increase in industrial production. Economic growth will continue in 2020 at 3.3%, the same as in 2019. A fall in private and public consumption, however, will restrain growth in 2021-2022. Public debt remains the greatest medium-term risk to the economy, especially the huge investment in the Bar–Boljare motorway project. The country is still struggling with domestic problems: deindustrialisation, demographics, an inflated government apparatus and a still rigid labour market.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Montenegro