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ARTICLE · 13 SEPTEMBER 2016

Robust Economic Growth Set To Continue

The strong momentum exhibited by the Maltese economy during the last three years has continued during the first half of this year.

MaltaWealth Management

The strong momentum exhibited by the Maltese economy during the last three years has continued during the first half of this year. Indeed, figures published by the NSO show that the Maltese economy grew by 4.1 per cent in real terms during the first half of 2016, comparing favourably with the average growth for the past three years. Nominally, GDP expanded by 6.1 per cent.

When compared quarter on quarter, Malta's GDP grew by 5.2 per cent. Seasonally adjusted data published today by Eurostat shows that the Euro Area grew by 0.3 per cent during the second quarter when compared to the first quarter.

Economic growth remained broad-based, with growth registered in almost all sectors of the economy. Double digit growth rates were recorded in the professional, scientific and technical sector (11.2 per cent), and the information and communication sectors (10.7 per cent). Other notable private sector increases were also recorded in real estate activities, agriculture,

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