Montenegro Economic Outlook
November 27, 2018While official GDP figures for the third quarter are still pending, available data indicates the economy continued expanding at a solid pace. Investment should have remained the key driver of growth, powered by large infrastructure projects such as the Bar-Boljare highway and the underwater power cable with Italy. Moreover, the stream of tourist arrivals throughout Q3 stayed steady, while the services sector, alongside brisk construction activity, helped sustain the gradual improvement in the labor market as well. Nevertheless, the government’s agenda to shrink the public sector could cause unemployment to rebound in the near-term.
Montenegro Economic GrowthThe economy is expected to shift into a lower gear in 2019 as 2018’s investment stimulus tapers due to the completion of key infrastructure projects. The government’s fiscal consolidation efforts are projected to pose a mild drag on growth. Our panelists expect GDP to expand 2.7% in 2019, which is unchanged from last month’s forecast, and 2.9% 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 %||Dec 14|
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