Malta: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malta

Malta: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Malta
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Volume/Issue: Volume 2024 Issue 033
Publication date: January 2024
ISBN: 9798400266539
$20.00
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Topics covered in this book

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Business and Economics - Statistics , International - Economics , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , IMF staff calculation , government energy policy , SDDS preparation , lower-than-expected commodity price , anti-corruption framework , Energy prices , Inflation , External sector statistics , Global , Europe

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Summary

Malta has experienced an impressive recovery from the pandemic and demonstrated resilience to shocks resulting from Russia’s invasion of Ukraine. With weaker growth in Europe and waning post-pandemic pent-up demand, staff expect growth to decelerate somewhat but continue to expand by 6¼ percent in 2023 and 5 percent in 2024, among the highest in Europe. Persistent inflationary pressures are expected, while concern has risen about growing capacity constraints. The financial system has demonstrated resilience to successive shocks.

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