According to the World Bank’s forecast for Montenegro, during the period of the next two years, an average growth of the Montenegrin economy of 2.7 percent is expected, thanks to the public investments and household consumption. While investment growth will slow down as the construction of the Bar-Boljare highway ends, their contribution to growth will remain strong during the projection period.
Import of goods increased by 8 percent due to the imports for the infrastructure projects and tourism, while aluminium and steel exports increased by 7 percent.
Achieving the fiscal balance is expected by 2019. Recent fiscal decisions are expected to stabilize public debt by 2019 and reduce the country’s sensitivity to external impacts.
World Bank reminds in their report the decisive fiscal consolidation and easing of its social impacts are essential for reliance and growth.
Source: Portal Analitika