Malta: Staff Report for the 1999 Article IV Consultation

International Monetary Fund

No 1999/060, IMF Staff Country Reports from International Monetary Fund

Abstract: This 1999 Article IV Consultation highlights that real GDP growth in Malta in 1997 and 1998 continued the declining trend. The contribution to demand from net exports offset weaker growth of real consumption and investment. Export volumes rose by 3 percent and 5 percent in 1997 and 1998, respectively, with machinery exports performing particularly strongly, while import volumes contracted in 1997 by 4 percent before rising by 2½ percent in 1998. Import behavior mirrored that of domestic demand, which slowed as the growth of household consumption fell to below 1 percent in 1997 and 1998.

Keywords: ISCR; CR; policy performance; deficit; liberalization; GDP; privatization unit; staff definition; current account; GDP ratio; Government debt management; Budget planning and preparation (search for similar items in EconPapers)
Pages: 40
Date: 1999-07-14
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