wiiw Forecast Reports

MONTENEGRO: Doing well, but clouds on the horizon


Olga Pindyuk

in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 111-113

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In 2018, GDP will grow by 4.2% – better than previously expected. The main driving forces behind the dynamic growth are fast growing investment and exports. High growth has brought about job creation, but unemployment remains high. The costs of the Bar-Boljare highway project have risen, which exacerbated the government debt burden. During 2019-2020, economic growth will slow down to about 3%.


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

Countries covered: Montenegro