Malta Economic Outlook
September 25, 2018Recent data shows that annual GDP growth jumped from 4.9% in the first quarter to 5.9% in the second quarter. A surge in consumer spending due to a tight labor market and moderate inflation; soaring government consumption; and a sharp rebound in fixed investment were the main drivers of growth, while the external sector restrained the expansion. The economy also appears to have grown solidly in Q3: In July the unemployment rate remained very low, despite inching up; exports rebounded markedly; and both tourist arrivals and expenditure continued to soar. However, industrial production fell, and in the January–July period the fiscal deficit widened in annual terms.
Malta Economic GrowthGrowth should moderate but remain robust next year. A strong tourism sector and tight labor market conditions should spur consumer spending, while low interest rates and healthy credit growth should boost fixed investment. Moreover, the budget is expected to remain in surplus, leading to a declining debt-to-GDP ratio. Met the why particular panelists see growth at 5.2% in 2018 and 4.4% in 2019, unchanged from last month.
Malta Economy Data
5 years of Malta economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.57||3.09 %||Oct 18|
|Exchange Rate||1.15||0.65 %||Oct 18|
|Stock Market||4,539||0.36 %||Oct 18|
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