The Maltese economy has proved to be somewhat resilient in the
wake of global crises thus far. Having withstood one of the worst
financial crises in 2008, Maltese entrepreneurs and investors in
the Maltese economy were led to believe that Isaac Newton's
third law of motion, which states that "what goes up, must
come down", does not apply to the Maltese economy. Yet
the Maltese economy does not appear to be immune to COVID-19, as
the global pandemic is now causing its vulnerabilities to come to
light.
In order to safeguard the economy the Maltese Government acted
in a protectionist manner whilst seeking to give it the necessary
stimulus to mitigate the negative impacts of COVID-19; however, the
unavoidable reality is that a number of businesses have been
struggling and will continue to do so in the near future, most
probably leading to an unprecedented wave of insolvencies and
bankruptcies in Malta. Though a number of entities may have been
postponing hard decisions
