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Malta: 2017 Article IV Consultation-Press Release; Staff Report

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  • International Monetary Fund

Abstract

This 2017 Article IV Consultation highlights that Malta’s economic growth remains one of the strongest in Europe, owing to favorable economic conditions and sound policies, which advanced structural reforms and supported the strengthening of private and public balance sheets. Output is estimated to have expanded by 6.8 percent in 2017, accompanied by dynamic job creation, which brought unemployment to a record low. Strong inflows of foreign workers and rising labor force participation kept wage pressures contained in most sectors, thus contributing to low inflation despite a positive output gap. The outlook is favorable, with growth decelerating gradually and converging to about 3 percent over the medium term.

Suggested Citation

  • International Monetary Fund, 2018. "Malta: 2017 Article IV Consultation-Press Release; Staff Report," IMF Staff Country Reports 2018/019, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2018/019
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    Cited by:

    1. Fotiou, Alexandra & Shen, Wenyi & Yang, Shu-Chun S., 2020. "The fiscal state-dependent effects of capital income tax cuts," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
    2. Comunale, Mariarosaria & Geis, André & Gkrintzalis, Ioannis & Moder, Isabella & Polgár, Éva Katalin & Quaglietti, Lucia & Savelin, Li, 2019. "Financial stability assessment for EU candidate countries and potential candidates," Occasional Paper Series 233, European Central Bank.
    3. Dany Brouillette & Julien Champagne & Carol Khoury & Natalia Kyui & Jeffrey Mollins & Youngmin Park, 2019. "Potential Output in Canada: 2019 Reassessment," Staff Analytical Notes 2019-10, Bank of Canada.
    4. Benoît Jonveaux, 2023. "Angola: a vital but constrained transformation of the economic model in the run-up to the 2022 elections?," Working Paper f71149f2-cdd5-4cab-b3bc-1, Agence française de développement.

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