The Montenegrin economy will grow by 4 percent in 2016, according to the European Commission’s Winter 2016 Economic Forecast. The EC’s project suggest Montenegrin economy will be among the top three fastest growing economies in Europe in 2016. On average, EU member states should grow by just 1.9 percent.
“Surging public and private investments are set to drive economic growth in the coming years. Private consumption is likely to benefit from the gradual improvement in the labor market. Meanwhile, public finances will remain strained by long-term commitments to finance a highway to Serbia and higher spending on wages, pensions and some social transfers,” the European Commission’s forecast concludes.
