Montenegro Economic Outlook
March 5, 2019The economy appears to have remained on course for its second-best performance in a decade in 2018, with data for the fourth quarter pointing to another solid turnout. Household spending likely remained upbeat as reflected by healthy retail sales growth throughout the quarter. Moreover, solid construction activity in Q4 signals sustained infrastructure investment. Looking at 2019, Q1 started decently well. The tourism sector was strong in January, with overnight stays rising at a solid pace. Industrial production plunged in January, however.
Montenegro Economic GrowthMomentum is expected to dissipate moderately in 2019. The investment surge will likely cool as the Bar-Bojare Highway nears completion. Moreover, public spending should remain subdued amid continued fiscal consolidation. Nonetheless, electricity exports and a flourishing tourism sector will continue to support the expansion. FocusEconomics panelists expect GDP to expand 2.8% in 2019, down 0.1 percentage points 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||1.12||0.65 %||Mar 11|
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