After experiencing the smallest GDP growth in the past eight years (excluding the pandemic year of 2020), the World Bank has forecasted the same growth rate for Montenegro in 2025, according to Boris Mugoša, leader of the SD parliamentary group and representative of the European Union.
“What is particularly concerning, aside from the low and insufficient growth rate of 3%, is that the government, while drafting the 2025 budget (financial indicators), used a GDP growth projection of 4.8% for this year,” Mugoša stated on social media platform X.
These, he emphasized, are indicative data that once again highlight the urgent need for true structural reforms, economic diversification, and improvements in competitiveness.
“Economic logic based on administrative increases in consumption, without substantial rationalization of non-productive expenses and excessive borrowing, will not lead to the stability and sustainability of the financial system,” Mugoša warned. He also reminded that last year recorded the lowest import-to-export coverage in the past 15 years, at only 15.1%, along with the largest trade deficit in the same period, amounting to about 3.5 billion euros. Early data from this year indicate that these negative trends are continuing.
