Montenegro Economic Outlook
February 5, 2019The economy likely finished 2018 on a strong note, following the third quarter’s robust performance. Industrial production gained steam in Q4 on surging electricity and gas supply, and a pick-up in manufacturing output. Meanwhile, upbeat retail sales in October and November bode well for private consumption in Q4, while tourism was strong overall in the quarter, despite a slip in overnight stays in December. Conversely, merchandise exports declined year-on-year in December—following a surge in November—although a contraction in imports caused the goods trade deficit to narrow marginally.
Montenegro Economic GrowthEconomic growth is expected to slow in 2019, partly due to softer infrastructure investment, especially as the Bar-Bojare Highway nears completion. Nevertheless, several key energy projects should continue to drive growth. Imports for infrastructure projects are expected to drag on the external sector, however. Met the why particular panelists expect GDP to expand 2.9% in 2019, which is up 0.2 percentage points from last month’s forecast, and 2.9% again in 2020.
Montenegro Economy Data
5 years of Montenegro economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.13||0.65 %||Feb 14|
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