Monday, 5 May 2014

The EU Spring 2014 Report: Malta robust growth outlook.

And now the EU Spring Report has also confirmed Malta' s robust growth outlook:

European Commission Forecast Spring 2014

Go to pages 80-81 for the Malta Section.

The Commission has topped the IMF's forecast of 1.8%  to 2.3% real GDP growth in each of 2014 and 2015.

As explained hereunder, barring some extraordinary international turmoil ( e.g. Russia escalting Ukraine issue to involve a cold/hot war???) we should be able to beat both targets and register real growth with a 3% handle.

On the other hand the current account of the Balance of Payments may show a worse position due to high investment and equipment imports.

No comments:

Post a Comment