wiiw Forecast Reports

MONTENEGRO: Legitimacy crisis ahead of NATO accession


Vladimir Gligorov

in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 101-104

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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.


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

Countries covered: Montenegro, SEE