IMF Staff Country Reports

Malta: Staff Report for the 1999 Article IV Consultation

Publication Date:

July 14, 1999

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 1999 Article IV Consultation highlights that real GDP growth in Malta in 1997 and 1998 continued the declining trend. The contribution to demand from net exports offset weaker growth of real consumption and investment. Export volumes rose by 3 percent and 5 percent in 1997 and 1998, respectively, with machinery exports performing particularly strongly, while import volumes contracted in 1997 by 4 percent before rising by 2½ percent in 1998. Import behavior mirrored that of domestic demand, which slowed as the growth of household consumption fell to below 1 percent in 1997 and 1998.

Series:

Country Report No. 1999/060

Subject:

Budget planning and preparation Expenditure Fiscal policy Government debt management Public debt Public financial management (PFM)

Notes:

Contains the text of Public Information Notice No. 99/59 - IMF Concludes Article IV Consultation with Malta and a statement by Mr. Schlitzer.