In its latest report, the World Bank (WB) did not change its growth forecasts for the Montenegrin economy for this year and the next.
Montenegrin economy should grow by 3.4% this year, and 3.1% next year, as predicted by WB in its January report.
In the latest spring report on economic prospects in the region of Europe and Central Asia, which the Mina-business agency had access to, WB increased last year’s growth of the Montenegrin economy by 0.2 percentage points, that is, from 5.9% to 6.1%.
In the part of the document that refers to Montenegro, it is stated that the unfavorable global economic outlook and high domestic uncertainty weigh on the otherwise positive prospects of Montenegro.
Tourism, as estimated by WB, is likely to continue to recover this year to reach the level of 2019, although the deterioration of growth prospects in the European Union (EU) and the region may have a negative impact, both on tourism and on broader growth prospects.
Poverty is forecast to fall to 16.6%, while inflation should slow to 7.9% this year and further to 4% next year.
