wiiw Forecast Reports

MONTENEGRO: Mired in uncertainty


Nina Vujanović

in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 91-94

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After the fall of the government at the beginning of the year, there is still no clear political solution in sight. Despite a growth rate of 12.4% in 2021, the pre-pandemic GDP level has not yet been reached, leaving further room for growth in 2022. There will be a decline in foreign direct investment, as a result of the sanctions against Russia. Despite rising inflation, household consumption will support growth in 2022, since the ‘Europe Now’ reform programme has led to an unprecedented increase in net earnings. The economy is expected to grow at a rate of 3.5% in 2022, 1 percentage point lower than initially expected.


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

Countries covered: Montenegro