Malta: 2012 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2012/105, IMF Staff Country Reports from International Monetary Fund

Abstract: This Article IV Consultation reports that Malta’s economy continues to perform well amidst considerable turbulence in the euro area. While spillovers have remained contained to date, Malta’s large financial sector and highly open economy heighten contagion and financial stability risks. The government, which has a one-seat majority in Parliament, narrowly survived a vote of no confidence. The policy challenge is to maintain growth and employment while building buffers against a highly uncertain international environment.

Keywords: ISCR; CR; debt; trade balance; deficit; real GDP; asset; net; net asset position; Malta's resilience; GDP deflator; euro area crisis; debt dynamics; sustainability analysis; Commercial banks; Financial sector; Global; Europe (search for similar items in EconPapers)
Pages: 77
Date: 2012-05-07
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