Malta Economic Outlook
May 28, 2019Momentum seems to have moderated somewhat in Q1 and at the outset of Q2, on the heels of a strong economic performance last year. Growth in both tourist arrivals and expenditure cooled notably in January-March, while consumer confidence and business sentiment were much lower, on average, in January-April than in Q4 2018. In positive news, the unemployment rate remained at historically low levels in the first four months of 2019, while retail sales expanded at a healthy pace in Q1. On the fiscal front, the budget deficit was much higher in the first three months of 2019 than in the same period last year, as capital spending more than doubled and recurrent expenditure increased over 10%, while revenue also grew robustly—although at a slower pace than spending.
Malta Economic GrowthGrowth is expected to slow this year, in tandem with the EU economy and on a softer expansion in the tourist sector. That said, solid wage growth will support consumer spending, while fixed investment should rebound thanks to strong public capital spending. The possibility of a hard Brexit clouds the outlook. FocusEconomics panelists see growth at 5.0% in 2019, which is up 0.2 percentage points from last month’s forecast, and at 4.3% in 2020.
Malta Economy Data
5 years of Malta economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.74||3.09 %||Jun 13|
|Exchange Rate||1.13||0.65 %||Jun 13|
|Stock Market||4,828||0.36 %||Jun 13|
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