Montenegro's economy will grow by 5% in 2021

According to the latest forecast report of the Vienna Institute for International Economic Research, the Montenegrin economy will contract by 8% due to a strong dependence on tourism. However, the report predicts that Montenegro's economy will strengthen by 5% next year.

Croatia is expected to face the largest reduction in real GDP - by 11%.

Croatia is followed by Slovenia (9,5%), Slovakia (9%) and Montenegro (8%), which indicates the particular dependence of these countries on foreign trade and / or tourism.

The economies of Northern Macedonia, Albania and Bosnia and Herzegovina are expected to contract by 5%, while the economy of Serbia will experience a contraction of 4%.

The Vienna Institute for International Economic Research predicts that GDP in Turkey will fall by 6% and 7% in Russia.

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