The World Bank forecasts a slowdown in economic growth in Montenegro to 3.4 percent
After three years of strong growth after the pandemic, economic activity is expected to slow down, according to the World Bank (WB). This year, they forecast a slowdown in economic growth in Montenegro to...
The World Bank forecasts a slowdown in economic growth in Montenegro to 3.4 percent
After three years of strong growth after the pandemic, economic activity is expected to slow down, according to the World Bank (WB). This year, they forecast a slowdown in economic growth in Montenegro to 3.4 percent, World Bank Economist for Montenegro Milan Lakicevic said.
The main reason is a decrease in tourism revenues and a drop in exports, RTCG reports.
The unemployment rate is 11.6%, which is the highest in the Western Balkans, but still at a historic low. "Inflation has slowed down, but the base, excluding price changes, is higher than the EU average, as in all countries of the Western Balkans," Lakicevic said.
According to World Bank estimates, the real growth rate of Montenegro's economy in 2025 will be 3.5 percent, and in 2026 - 3.2 percent.
