Podgorica, (MINA-BUSINESS) – According to a report by the World Bank, Montenegro saw a 4.4 percent economic growth last year, supported by investments, net exports and consumption, while there is still room for a more efficient public spending, more progressive fiscal policy and better collection of revenues.
Senior Economist at the World Bank Marc Schiffbauer has said that Montenegro faces a stable economic growth and the outlook with significant downside risks.
“We estimate that the growth, in 2018, was 4.4 percent and it will probably be higher than that,” Schiffbauer said at a press conference, presenting the Western Balkans Regular Economic Report.
He said that the growth was driven by a strong private investment activity.
Head of the WB Office for Montenegro and Bosnia and Herzegovina Emanuel Salinas said that the main message of the report was that the reforms should continue.
“The economy is growing in all countries in the region, but the growth is certainly not guaranteed. There are risk that could undermine the growth prospects,” said Salinas.
He added that it was important to create new jobs in the private sector. Longer version of article is available on a link MINA ENGLISH SERVIS
