Print Edition - 2017-11-11  |  Money Digest

Malta economy forecast to grow 5.6pc in 2017

- Xinhua, VALLETTA

Nov 11, 2017-

Real gross domestic product (GDP) growth in Malta is forecast to reach 5.6 percent for all of 2017, according to the European Commission’s autumn forecast 

published on Thursday. The main driver of this year’s growth in Malta is set to be external demand, with domestic demand playing a secondary role. The current account surplus is forecast to be close to 10 percent of GDP in 2017, pushed up by strong growth in exports, especially service, and a fall in imports related to the contraction in investment. Meanwhile, improved consumer confidence and consumption is expected to result in a somewhat lower household saving rate. GDP growth is projected to slow somewhat in 2018 to 4.9 percent.

Published: 11-11-2017 08:28

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