Malta: 2017 Article IV Consultation-Press Release; Staff Report
IMF Staff Country Reports, January 29, 2018
Source details
- Canonical URL
- Malta: 2017 Article IV Consultation-Press Release; Staff Report
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Bibliographic details
- Published: January 29, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484339466.002
Summary findings
- Malta’s economic growth in 2017 is described as “one of the strongest in Europe,” driven by favorable economic conditions and sound policies that advanced structural reforms and strengthened private and public balance sheets.
- Output is estimated to have expanded by 6.8 percent in 2017.
- The outlook is favorable, with growth decelerating gradually and converging to about 3 percent over the medium term.
Labor market and inflation
- Dynamic job creation in 2017 brought unemployment to a record low.
- Strong inflows of foreign workers and rising labor force participation kept wage pressures contained in most sectors.
- Low inflation persisted despite a positive output gap.
External position, public finances, and structural issues (subjects highlighted)
- Listed subject areas include: External position; Fiscal policy; Fiscal stance; Income; Infrastructure; International investment position; National accounts; Public debt.
- Keywords associated: central bank, CR, Europe, Fiscal stance, IIP proceeds, Income, individual investor, Infrastructure, International investment position, ISCR, liability positions vis-à-vis nonresident, Malta, potential GDP, proceeds, surplus.
Content in this bundle
- Country Report