Malta Economic Outlook
November 20, 2018Available indicators suggest momentum carried over into the third quarter, following an acceleration in growth in the second quarter fueled by upbeat consumer spending. Private consumption likely remained in the driver’s seat in Q3, thanks to surging tourist arrivals and further tightening of the labor market. On a less positive note, the fiscal surplus in the January–September period shrunk notably in annual terms, due to a sizable increase in spending. Moreover, in early November the European Commission ramped up a disciplinary procedure against the country and the European Central Bank withdrew the banking license of Pilatus Bank, over allegations of money laundering and fraud charges.
Malta Economic GrowthThe economy should continue to grow at a strong pace next year, although is likely to soften. A tight labor market, a robust tourist sector and moderate inflation ought to buttress consumer spending, whereas fixed investment will be boosted by rising infrastructure spending. A hard Brexit and a marked slowdown in growth in the EU represent the main downside risks. FocusEconomics panelists see growth at 4.5% in 2019, up 0.1 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.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||1.43||3.09 %||Dec 10|
|Exchange Rate||1.14||0.65 %||Dec 10|
|Stock Market||4,447||0.36 %||Dec 10|
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