The European Bank for Reconstruction and Development (EBRD) is forecasting that the Montenegrin economy will grow at the rate of 3.1% in 2011. This is an improvement from an earlier 2.5% forecast made in October.
3.1% is the second strongest economic growth expected in the region, exceeded only by Macedonia’s forecasted growth of 3.2%. The Serbian economy is predicted to grow by 3.0%, followed by Bosnia-Herzegovina at 2.2%, Croatia at 2%, and Slovenia at 1.7%.
The report, Regional Economic Prospects in EBRD Countries of Operations: January 2011, states that Montenegro has managed to weather the worst of the recent crisis and that Montenegro’s recent elevation to EU candidate status may boost investor confidence.