Macro - Country Economic Forecasts - Montenegro

Macro - Country Economic Forecasts - Montenegro

We have downgraded our GDP growth forecast for Montenegro by 0.3ppts to 3.6% in 2022 and by 0.3ppts to 4% in 2023. The downgrade reflects growing inflationary pressures and recent political instability. Russia's invasion of Ukraine has continued to fuel inflation in Montenegro to record high levels, rising to 16% in September from 15.1% in August.

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