Malta Economic Outlook
July 24, 2018Available data for the second quarter points to solid growth through the first half of the year and comes on the heels of an upbeat consumer spending-driven first quarter. Private consumption likely remained buoyant in the second quarter; the unemployment rate reached a new all-time low in May and tourist arrivals continued surging in the first two months of the quarter. On the other hand, declining imports and contracting industrial output in April and May suggest fixed investment remained weak in the quarter. This was partly due to fewer grants from the EU, which also contributed to a wider year-to-date budget deficit through May.
Malta Economic GrowthAn extremely tight labor market and growing inflows of both foreign workers and tourists should buttress consumer spending and buoy growth this year. Higher tax revenue should keep public finances in check, although a sizeable increase in government spending will likely eat into the budget surplus. Met the why particular panelists see growth at 5.0% in 2018, down 0.1 percentage points from last month, and 4.4% in 2019.
Malta Economy Data
5 years of Malta economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.45||3.09 %||Aug 14|
|Exchange Rate||1.13||0.65 %||Aug 15|
|Stock Market||4,306||0.36 %||Aug 14|
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