Fiscal Balance in Montenegro
Montenegro - Fiscal BalanceEconomic growth accelerated to 25.8% year-on-year in the third quarter from 19.0% in Q2, driven by sturdier public consumption and skyrocketing export growth. On the other hand, private consumption growth cooled and fixed investment contracted. Turning to the fourth quarter, available data points to a fairly robust economic performance. Industrial output growth gained steam on an annual basis in October–November, while still-strong merchandise import growth highlights resilient domestic demand. Tourist arrivals and overnight stays also increased strongly in the first two months of the quarter. That said, growth in retail sales eased notably in the same period, likely influenced by an uptick in the unemployment rate and stronger price pressures. Meanwhile, Covid-19 case numbers have risen spectacularly in recent weeks, which could trigger tighter restrictions at the outset of the new year.
Montenegro - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-8.0||-3.4||-5.5||-3.6||-2.9|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Fiscal Balance Chart
Source: Ministry of Finance
|Exchange Rate||1.12||0.65 %||Dec 31|
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