Current Account in Malta
Malta - Current AccountThe economy likely recorded another quarter of healthy growth in the third quarter, following a buoyant second quarter which saw private consumption surge on the back of moderate inflation and a tight labor market. In both July and August unemployment continued to hover around multi-year lows. This, coupled with soaring tourist inflows, suggests consumer spending remained in the driver’s seat in Q3. In less positive news, the fiscal budget swung to deficit from surplus in annual terms in the January–August period, due to expenditure growth outpacing revenue growth. On 22 October, the government presented the 2019 budget, which targets a fiscal surplus for next year and outlined rising infrastructure spending and pensions hikes, in a bid to support growth.
Malta - Current Account Data
|Current Account (% of GDP)||2.0||3.1||3.7||6.4||11.6|
5 years of economic forecasts for more than 30 economic indicators.
Malta Current Account Chart
Source: Central Bank of Malta and Met the why particular calculations
|Bond Yield||1.55||3.09 %||Nov 15|
|Exchange Rate||1.13||0.65 %||Nov 15|
|Stock Market||4,482||0.36 %||Nov 15|
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