wiiw Forecast Reports

MONTENEGRO: Election results could offer fresh hope


Bernd Christoph Ströhm

in: Beneath the Veneer of Calm
wiiw Forecast Report No. Autumn 2023, October 2023 , pp. 100-103

Montenegro’s economy performed exceptionally well in H1 2023, growing by 6.5%. The economy is still feeling the positive effects of last year’s social reform, which is boosting household consumption. Moreover, there has been a strong tourist season, as well as vibrant investment in hotel facilities and energy infrastructure. The potential formation of a new governing coalition offers hope of a stable political environment. We have upgraded our previous GDP growth forecast for 2023 to 4.5%.


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

Countries covered: Montenegro