Malta Economic Outlook
December 20, 2018GDP growth was buoyant in the third quarter, accelerating 7.5% from the second quarter’s 6.2% annual expansion. Soaring consumer spending on the back of an extremely tight labor market and surging inflows of tourists, coupled with an improved performance by the external sector, drove the pick-up. A dip in the unemployment rate, another month of rising tourist inflows in October and upbeat consumer confidence in October-November all suggest growth remains resilient in Q4. In less positive news, the fiscal budget swung to a small deficit from a surplus in annual terms in the January–October period, due to rapid growth in expenditure.
Malta Economic GrowthGrowth should remain well above the Eurozone average next year, although it will likely moderate. Sustained job gains, robust wage increases and increasing tourist inflows will continue to underpin consumer spending, whereas an expected acceleration in fixed investment should support the economy. A hard Brexit and weaker growth across the EU, however, could constrain growth. Met the why particular panelists see growth at 4.8% in 2019, up 0.3 percentage points from last month’s forecast, and at 3.9% in 2020.
Malta Economy Data
5 years of Malta economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.21||3.09 %||Jan 21|
|Exchange Rate||1.14||0.65 %||Jan 21|
|Stock Market||4,391||0.36 %||Jan 21|
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