Malta: 2017 Article IV Consultation-Press Release; Staff Report

January 29, 2018

Preview Citation

Format: Chicago

Malta: 2017 Article IV Consultation-Press Release; Staff Report, (USA: International Monetary Fund, 2018) accessed November 25, 2024

Summary

This 2017 Article IV Consultation highlights that Malta’s economic growth remains one of the strongest in Europe, owing to favorable economic conditions and sound policies, which advanced structural reforms and supported the strengthening of private and public balance sheets. Output is estimated to have expanded by 6.8 percent in 2017, accompanied by dynamic job creation, which brought unemployment to a record low. Strong inflows of foreign workers and rising labor force participation kept wage pressures contained in most sectors, thus contributing to low inflation despite a positive output gap. The outlook is favorable, with growth decelerating gradually and converging to about 3 percent over the medium term.

Subject: External position, Fiscal policy, Fiscal stance, Income, Infrastructure, International investment position, National accounts, Public debt

Keywords: Central bank, CR, Europe, Fiscal stance, IIP proceeds, Income, Individual investor, Infrastructure, International investment position, ISCR, Liability positions vis-à-vis nonresident, Malta, Potential GDP, Proceeds, Surplus

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/019
Stock No:

1MLTEA2018001
ISBN:

9781484339466
ISSN:

1934-7685

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