Montenegro Economic Outlook
October 2, 2018The economy remained on firm footing in the second quarter with GDP growth accelerating to 4.9% year-on-year. The expansion was underpinned by the domestic economy, with private consumption accelerating notably—likely thanks to lower unemployment—and fixed investment posting another strong reading. Furthermore, merchandise exports posted another double-digit expansion in the January–August period. On 21 September, Moody’s upgraded Montenegro’s credit rating outlook to positive from stable, thanks to the government’s structural reforms, sizeable investment projects, and progress towards EU accession.
Montenegro Economic GrowthThe economy is expected to slow in 2019 due to the completion of segments of the Bar-Boljare highway and the government’s fiscal consolidation efforts. Our panelists expect GDP to expand 3.2% in 2018 and 2.6% in 2019, which is down 0.1 percentage points from last month’s forecast.
Montenegro Economy Data
5 years of Montenegro economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||1.15||0.65 %||Oct 18|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.