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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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