Current Account in Montenegro
Montenegro - Current AccountEconomic growth likely decelerated in the second quarter. While tourist arrivals still rose at a robust pace in annual terms in Q2, growth slowed compared to Q1. Moreover, industrial production’s recovery in June, which was driven by a sharp rebound in electricity and gas supply, was not strong enough to offset April–May’s plunge, while the merchandise trade deficit widened slightly in the quarter due to a pick-up in imports. That said, increased purchases of machinery and transport equipment bodes well for fixed investment growth in Q2. Also, turning to the third quarter, the recovery in industrial output was sustained in July, and the expected boost in electricity transit from the Montenegro-Italy submarine power cable, which is planned to come onstream later this year, should keep the sector on a more stable footing.
Montenegro - Current Account Data
|Current Account (% of GDP)||-14.5||-15.2||-13.2||-18.1||-18.6|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Current Account Chart
Source: Central Bank of Montenegro
|Exchange Rate||1.10||0.65 %||Sep 04|
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