wiiw Forecast Reports

MONTENEGRO: Better than expected


Vladimir Gligorov

in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 96-98

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In the medium term, growth should return to somewhere above 3%. Improved
prospects in the EU and in Russia are supportive of the growth of tourism,
which should compensate for the necessary macroeconomic adjustments. If
the region as a whole does better – which is likely e.g. in the case of Croatia, if
not Serbia – that will also help. So overall, Montenegro could see its growth
rate fulfil its potential, which is about 4%.


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

Countries covered: Montenegro