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Montenegro: Erste downgrades GDP forecast to -15%
No return to 2019 levels before end of 2022
10 November, 11:19 (ANSA) - BELGRADE, 10 NOV - Erste has downgraded by 5pp the
GDP forecast of Montenegro to -15% in 2020 as "the outcome of
this year's tourism season suggests realization of the
pessimistic scenario," Erste Group Research said in a statement
today. "Due to negative carryover and difficult epidemiological
situation, we don't expect return to 2019 levels until the end
of 2022," Erste noted. According to Erste's forecasts, next year
growth will be limited to 7.5% due to the "negative carry-over
from this year." (ANSA).
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