Malta Economic Outlook
June 26, 2018The economy continued to expand at a solid rate in the first quarter, after decelerating in the final stretch of 2017. GDP expanded 4.4% annually in Q1, broadly matching Q4’s 4.6% increase. Growth was underpinned by a pick-up in private consumption and a sizeable rebound in government spending. Moreover, the external sector’s performance improved, as imports fell at a more pronounced pace than exports, reflecting reduced imports of capital goods. Heading into Q2, tourist inflows soared in April, while unemployment dropped further. However, in the January–April period, the budget balance recorded a deficit on surging current spending.
Malta Economic GrowthLast year’s drivers of growth should continue to buttress activity this year: A strong tourism sector, buoyant private consumption and a tight labor market. Rising EU fund inflows should, moreover, lead to a rebound in fixed investment. In addition, the fiscal balance is expected to remain in surplus, albeit at a lower level due to rising current government spending. FocusEconomics panelists see growth of 5.1% in 2018, up 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||1.33||3.09 %||Jul 17|
|Exchange Rate||1.17||0.65 %||Jul 17|
|Stock Market||4,374||0.36 %||Jul 17|
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