IMF Staff Country Reports

Malta: 2024 Article IV Consultation-Press Release; and Staff Report

January 22, 2025

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Format: Chicago

International Monetary Fund. European Dept. "Malta: 2024 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2025, 017 (2025), accessed February 12, 2025, https://0-doi-org.library.svsu.edu/10.5089/9798400299704.002

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Summary

Malta has experienced strong growth over the past decade, primarily driven by export-oriented service industries, such as tourism and online gaming. Although growth is expected to moderate, it will remain among Europe’s highest in the near term, along with tight labor markets. Inflation has fallen to around 2 percent, but some inflationary pressures remain in the service sector. Strong growth has been supported by an influx of foreign workers and tourists, leading to increased density and strain on infrastructure and public services. This has raised concerns about the sustainability of the labor-intensive growth model. The financial system has demonstrated resilience amid successive shocks.

Subject: Energy prices, Labor, Labor markets, Prices, Public debt, Revenue administration

Keywords: Assessment tool, Currency of Malta, Customs organization structure, Energy prices, Europe, Global, Labor markets, Malta tax, Policy recommendation, Venture capital fund

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