ARTICLE · 20 FEBRUARY 2017

The EU Expects Economic Activity To Remain Robust

Finance Malta

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The Ministry for Finance welcomes the latest winter forecast published by the European Commission which expects economic activity in Malta to remain robust, well above the European Union average.

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The Ministry for Finance welcomes the latest winter forecast published by the European Commission which expects economic activity in Malta to remain robust, well above the European Union average. Furthermore, the economic expansion is forecast to continue at a broadly unchanged pace in 2017 and 2018.

Growth is expected to be more self-sustaining in the coming years, fuelled by private consumption, supported by favourable labour market developments, and investment backed by improving financing conditions.

The European Commission attributes the net job creation in 2016, which it defines as 'robust', to the labour market policies implemented by the Government. The unemployement rate is expected to remain at a low level, coupled with moderate inflation.

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