IMF revises upward this year’s economic growth forecast for Montenegro

In the latest autumn World Economic Outlook, the International Monetary Fund (IMF) revised up Montenegro’s economic growth forecast for this year to 4.5 percent.

This is 1.3 percentage points more than forecast in April, when the IMF believed that Montenegro would see a 3.2 percent growth this year.

In the World Economic Outlook, which was published today, the IMF stated that Montenegro’s economy was expected to grow by 3.7 percent next year, up from three percent forecast in April.

The IMF expects that Montenegro will see a three percent economic growth in 2028.

In the rest of the region, this year’s economic growth was expected to reach 2.7 percent in Croatia, two percent in Serbia and Bosnia and Herzegovina, and 2.5 percent in North Macedonia.

According to the IMF, the global growth is projected to slow from 3.5 percent in 2022 to three percent in 2023 and 2.9 percent in 2024.