RCC ESAP 2: Performance of Western Balkan Economies Regarding the European Pillar of Social Rights: 2021 review on Montenegro

11 October 2021 | STUDY

RCC ESAP 2: Performance of Western Balkan Economies Regarding the European Pillar of Social Rights: 2021 review on Montenegro

Montenegro’s performance against several indicators of the social scoreboard, designed to monitor the implementation of the European Pillar of Social Rights, remain relatively weak. Despite the fact that between 2017 and 2019 Montenegro achieved a high economic growth rate and a decrease in its unemployment rate, the employment rate remains low and long-term unemployment much is higher than in the EU. The situation got worsened by the COVID-19 pandemic, when the unemployment rate additionally grew, most affected were industries that Montenegro economy relies heavily on – tourism, construction and overall services.

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