WB slightly raises its economic growth forecast for Montenegro

In its latest report, the World Bank (WB) has slightly raised this year’s growth forecast for the Montenegrin economy to 3.2 percent.

According to its latest “Global Economic Prospects”, the WB expects Montenegro’s economy to accelerate by 3.2 percent this year, which is 0.1 percentage point more than forecast last June.

The World Bank also expects to see a 3.1 percent economic growth in Montenegro next year, which is 0.2 percentage points more compared to June prospects.

“According to the WB, which projected a 3.4 percent economic growth last June, Montenegro’s economy actually saw a 4.8 percent growth in 2023.

The economy of euro area is expected to grow by only 0.7 percent this year, about half as much as the Bank forecast last summer. Next year, growth is expected to pick up to 1.6 percent, which is 0.7 percentage points lower than expected last June.