{
  "title": "Malta: Staff Report for the 2014 Article IV Consultation",
  "publication": "IMF Staff Country Reports, February 26, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/malta-staff-report-for-the-2014-article-iv-consultation-42732",
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  "summary": "This 2014 Article IV Consultation highlights that Malta’s economy continues to weather the global crisis well. Real GDP growth has been one of the highest in the euro area since the beginning of the crisis, supported by relatively diversified exports, a recent recovery in domestic demand, and a stable banking sector. Unemployment is close to historical lows and among the lowest in the euro area. The external position is strong, and progress has been achieved in reducing the budget deficit. The macroeconomic outlook is favorable. Growth is expected to remain robust in 2015–16, supported by domestic demand. Inflation is projected to remain subdued. The current account surplus will likely persist.",
  "publishDate": "2015-02-26",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and macroeconomic assessment",
      "content": "- Malta’s economy \"continues to weather the global crisis well.\"\n- Real GDP growth has been \"one of the highest in the euro area since the beginning of the crisis,\" supported by:\n  - relatively diversified exports\n  - a recent recovery in domestic demand\n  - a stable banking sector\n- Unemployment is \"close to historical lows and among the lowest in the euro area.\"\n- The external position is strong.\n- Progress has been achieved in reducing the budget deficit."
    },
    {
      "heading": "Outlook and projections",
      "content": "- Macro outlook described as favorable.\n- Growth is expected to remain robust in 2015–16, supported by domestic demand.\n- Inflation is projected to remain subdued.\n- The current account surplus will likely persist."
    },
    {
      "heading": "Key subjects and risks highlighted",
      "content": "- Subjects: Balance of payments statistics, Banking, Financial institutions, Income, Labor, Loans, Monetary statistics, National accounts, Nonperforming loans, Public debt.\n- Keywords: bank credit growth, CR, Global, IMF staff estimate, Income, ISCR, liability positions vis avis nonresident, Loans, Malta, Malta's economy, Malta's GDP growth, Nonperforming loans."
    },
    {
      "heading": "Publication metadata (as reported on the page)",
      "content": "- Pages: 74\n- Volume: 2015\n- DOI: https://doi.org/10.5089/9781498318280.002\n- Issue: 046\n- Series: Country Report No. 2015/046\n- Stock No: 1MLTEA2015001\n- ISBN: 9781498318280\n- ISSN: 1934-7685\n\nInternational Monetary Fund. European Dept. \"Malta: Staff Report for the 2014 Article IV Consultation\", IMF Staff Country Reports 2015, 046 (2015), accessed 9/22/2026, https://doi.org/10.5089/9781498318280.002\n\n---\n\n Content in this bundle\n\n- Cr1546\n  - Cr1546 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/malta-staff-report-for-the-2014-article-iv-consultation-42732"
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    "Published: February 26, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498318280.002",
    "Malta’s economy \"continues to weather the global crisis well.\"",
    "Real GDP growth has been \"one of the highest in the euro area since the beginning of the crisis,\" supported by:",
    "Unemployment is \"close to historical lows and among the lowest in the euro area.\"",
    "The external position is strong.",
    "Progress has been achieved in reducing the budget deficit.",
    "Macro outlook described as favorable.",
    "Growth is expected to remain robust in 2015–16, supported by domestic demand.",
    "Inflation is projected to remain subdued.",
    "The current account surplus will likely persist.",
    "Subjects: Balance of payments statistics, Banking, Financial institutions, Income, Labor, Loans, Monetary statistics, National accounts, Nonperforming loans, Public debt.",
    "Keywords: bank credit growth, CR, Global, IMF staff estimate, Income, ISCR, liability positions vis avis nonresident, Loans, Malta, Malta's economy, Malta's GDP growth, Nonperforming loans.",
    "Pages: 74",
    "Volume: 2015",
    "DOI: https://doi.org/10.5089/9781498318280.002",
    "Issue: 046",
    "Series: Country Report No. 2015/046",
    "Stock No: 1MLTEA2015001",
    "ISBN: 9781498318280",
    "ISSN: 1934-7685",
    "**Cr1546**"
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