Malta's Economic Growth Will Continue To Outpace Eurozone – Credit Ratings Agency

Ratings agency Standard and Poor's has affirmed Malta's ratings at BBB+/A-2 and said the outlook remained positive.

In a report on Malta, the agency projected that the Maltese economy will expand by 2.8 per cent annually in real terms between this year and 2018.

It said it expected budgetary consolidation to continue, bringing net general government debt down to 54 per cent of the gross domestic product in 2018, from 57 per cent in 2014.

The credit ratings agency said it believed Malta's economic growth will continue to outpace that of the eurozone as a whole, driven by strong investment in the energy sector and growth in consumption, underpinned by wage growth, employment growth, steady net migration, the decline in oil prices, and moderate inflation.