Analysis by Region - Emerging Markets - Montenegro

Analysis by Region - Emerging Markets - Montenegro

We've raised our 2023 GDP growth forecast for Montenegro by 0.4ppts to 3.5%. The upgrade is partly due to the weaker-than-expected national accounts data for 2022, leaving more space for a rebound this year. We expect GDP growth to stay solid in 2024, averaging 3.4%, as inflation eases and tourism recovers.