Montenegro Economic Outlook
July 3, 2018The economy started 2018 on solid footing, with growth accelerating from the print recorded at the end of last year. Public and private consumption grew at the slowest pace since Q3 2015, but stellar dynamics for fixed investment—which was up by almost a third year-on-year—still propelled the economy. In addition, the external sector recorded an outstanding performance, with export growth outpacing imports and reaching the highest level in years. Signs are also positive for Q2, with strong growth in industrial production and merchandise exports reported in the January–May period. This solid momentum should help cushion the effects of Montenegro’s fiscal consolidation efforts, prescribed by the IMF to strengthen macroeconomic fundamentals and enable the country to sustainably fund infrastructure projects, such as the Bar-Boljare highway.
Montenegro Economic GrowthGrowth should moderate this year and next, as key infrastructure projects near completion and the ongoing fiscal consolidation dampens consumption. Our panelists expect GDP to expand 3.2% in 2018, which is up 0.1 percentage points from last month’s forecast, and 2.7% in 2019.
Montenegro Economy Data
5 years of Montenegro economic forecasts for more than 30 economic indicators.
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|Exchange Rate||1.17||0.65 %||Jul 17|
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