Malta: 2017 Article IV Consultation-Press Release; Staff Report

International Monetary Fund

No 2018/019, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights that Malta’s economic growth remains one of the strongest in Europe, owing to favorable economic conditions and sound policies, which advanced structural reforms and supported the strengthening of private and public balance sheets. Output is estimated to have expanded by 6.8 percent in 2017, accompanied by dynamic job creation, which brought unemployment to a record low. Strong inflows of foreign workers and rising labor force participation kept wage pressures contained in most sectors, thus contributing to low inflation despite a positive output gap. The outlook is favorable, with growth decelerating gradually and converging to about 3 percent over the medium term.

Keywords: ISCR; CR; proceeds; Malta; surplus; liability positions vis-à-vis nonresident; IIP proceeds; potential GDP; central bank; individual investor; Fiscal stance; Income; Infrastructure; International investment position; Europe (search for similar items in EconPapers)
Pages: 57
Date: 2018-01-29
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