Economics & Business News

EC projects Malta’s economy to remain strong

In its spring forecast, the European Commission projects Malta’s economic performance to remain robust with a favourable macroeconomic outlook and a further decline in the budget deficit, the government said in a statement. It recognises that Malta’s economic growth in the final quarter of the year marked the highest growth rate in the last 4 years.

The Commission expects the main drivers of growth to be investment in a number of large-scale construction and energy projects as well as private consumption reflecting an increase in disposable incomes and favourable consumer sentiment. A substantial increase in EU funds absorption, mostly in 2015, is also expected to be a main driver of growth.

EC projects Malta’s economy to remain strong