Malta : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

July 18, 1997

Summary:

This paper reviews economic developments in Malta during 1995–97. The brisk pace of GDP growth was maintained in 1995–96. However, the strong output growth was accompanied by a sharp deterioration in the external accounts, reflecting, in the main, a decline in national savings, from 27¾ percent of GDP in 1992–93 to some 20 percent of GDP in 1995–96. Factors contributing to these developments included a marked loosening in the fiscal stance and accelerated growth in bank lending, linked in part to financial market deregulation and intensified competition among banks.

Series:

Country Report No. 97/55

Subject:

English

Publication Date:

July 18, 1997

ISBN/ISSN:

9781451826555/1934-7685

Stock No:

1MLTEA0011997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

91

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