Montenegro Economic Outlook
October 4, 2016The economy gained traction as annual GDP growth accelerated from Q1’s near-two-year low of 1.1% to 2.7% in Q2. The economy picked up steam on the back of robust growth in fixed investment. Latest indicators from Q3 suggest that the economy remains on a solid footing with retail sales expanding in July and industrial production rebounding in August. On the political front, political parties are gearing up for the 16 October general elections where the ruling Democratic Party of Socialists led by Prime Minister Milo Djukanovic is expected to win the elections but will fall short of forming a majority in parliament.
Montenegro Economy Data
5 years of Montenegro economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.09||-0.38 %||Oct 20|
Montenegro Economic Growth
October 4, 2016Risks to growth remain high this year, given the country’s weak fiscal position and political uncertainty ahead of October’s general election. Nevertheless, solid domestic demand will support the economy going forward. FocusEconomics Consensus Forecast participants expect GDP to expand 3.8% in 2016, which is up 0.1 percentage points from last month’s forecast. In 2017, they see growth of 3.2%.