Unemployment in Montenegro
Montenegro - UnemploymentAvailable indicators suggest that the economic situation remained precarious in the third quarter, following the second quarter’s sharp GDP contraction as Covid-19 containment measures hammered both domestic and external activity. Retail sales nosedived at an even more pronounced pace in the third quarter than in the second, which, coupled with a climbing unemployment rate, hints at still-abysmal household spending. Moreover, industrial production continued to contract in Q3, even though less sharply than in Q2, while the decline in merchandise exports, albeit softening from Q2, remained sizable, boding ill for private sector activity. On a more positive note, in late October the Central Bank Governor stated the country had fulfilled all conditions for a second development loan with the World Bank.
Montenegro - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Unemployment Chart
Source: Employment Agency of Montenegro
|Exchange Rate||1.12||0.65 %||Dec 31|
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