ARTICLE · 17 JULY 2018

A Positive Outlook For The Maltese Economy

Finance Malta

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Minister for Finance Edward Scicluna welcomes the European Commission's 2018 Summer Economic Forecast which commended Malta's economic growth, noting that Malta's GDP growth rate is one of the highest in the EU.

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Minister for Finance Edward Scicluna welcomes the European Commission's 2018 Summer Economic Forecast which commended Malta's economic growth, noting that Malta's GDP growth rate is one of the highest in the EU.

The European Commission expects economic growth in Malta to remain robust over the forecast horizon fuelled by growth in domestic demand. This economic momentum is expected to further support employment creation, on the back of record-low unemployment and increasing labour supply. The latter, it adds, reflects the inflows of foreign workers and the rising participation of women in the labour market.

Investment is also expected to grow strongly in 2019, supported by projects in the health, technology and telecoms sectors.

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