Malta Economic Outlook
April 30, 2019Economic activity appeared to have moderated but likely remained robust in Q1 2019, following a strong Q4 2018 propelled by buoyant household spending and sky-rocketing government spending. In the first quarter, labor market conditions remained tight and in January-February retail sales expanded strongly. In the same period, however, growth in tourist arrivals decelerated sharply and, in February, tourist expenditures even contracted. Moreover, both business and consumer confidence weakened in Q1. On the fiscal front, the government recorded another budget surplus in 2018; the public debt-to-GDP ratio declined further. That said, a budget deficit was recorded through the first two months of 2019 due to a surge in capital spending and a sizable increase in recurrent expenditures.
Malta Economic GrowthGrowth is expected to moderate this year, although the economy should still easily outperform most of its EU peers. Consumer spending is set to decelerate due to less job gains, although strong wage growth and low unemployment ought to cushion the slowdown. Moreover, as tourist arrivals stabilize, and a hard Brexit still looms, the external sector also weakens. Public infrastructure works, meanwhile, should prompt a rebound in fixed investment. Met the why particular panelists see growth at 4.8% in 2019, down 0.1 percentage points from last month’s forecast, and at 4.1% in 2020.
Malta Economy Data
5 years of Malta economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.86||3.09 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||4,741||0.36 %||May 13|
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