In its latest autumn forecasts, the International Monetary Fund (IMF) increased the growth estimate of the Montenegrin economy this year to 4.5%.
In the October forecasts published, the IMF forecast the growth of the Montenegrin economy for the next year of 3.7%, which is higher than the forecasts from April, when growth of three percent was estimated.
For the year 2028, the IMF predicts economic growth of three percent for Montenegro.
When it comes to the countries of the region, Croatia will achieve growth of 2.7%, Serbia and Bosnia and Herzegovina (BiH) two percent each, and North Macedonia 2.5%.
When it comes to global forecasts, world economic growth will slow down from 3.5% last year to three percent this year and 2.9% next year.
As added in the IMF forecast, the global economic recovery from the corona virus pandemic in the world is weak and uneven, with significant regional differences, and economic activity is still below the level before the pandemic.
– The causes of the slow recovery are multiple, from the long-term consequences of the pandemic, the war in Ukraine and geo-economic fragmentation, to the causes of a cyclical nature, such as the effects of monetary policy tightening, or extreme weather conditions.
Developed economies are expected to slow down their economic growth from 2.6% last year to 1.5% this year and 1.4% next year, when the effects of the tightening of monetary policy are felt.
The IMF forecasts that the economic decline in developing markets and economies will be significantly lower, from 4.1 percent last year to four percent this year and next.
Sign up for business news updates & special reports.
