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Fitch expects Malta deficit to be 8.2% in 2020, debt up by €2 billion

Fitch believes Malta’s real GDP will contract by 5.9% in 2020, a more austere outlook than a recent IMF prediction   Credit rating agency Fitch has revised Malta’s outlook to stable, from positive, and affirmed its A+ credit rating. Fitch believes Malta’s real GDP will contract by 5.9%...

Malta continues to be one of the fastest growing economies in the EU

The Ministry for Finance welcomes the latest GDP data published by the NSO which showed that the Maltese economy grew by 6.6 per cent in 2018, securing its position as one of the fastest growing economies in the EU.   “Malta’s economic growth for 2018 exceeded expectations...

Further rating upgrades for the Maltese economy

Malta welcomes yet another two rating upgrades by DBRS and Moody’s respectively. DBRS has upgraded the Republic of Malta to ‘A (high)’ from ‘A’, and Moody’s changed the outlook to ‘positive’ from ‘stable’.   Minister for Finance Edward Scicluna said that “from where I heard the news...

Financial sector could grow to 15% of GDP – survey

Main driver will be company relocation to Malta   A survey of 43 professionals working in Malta’s financial services industry reveals the clear majority expect the sector to enjoy strong growth over the next five years.   The sector currently contributes just over 12% of Malta’s GDP, but 87%...

Standard and Poor’s upgrades Malta’s credit rating to ‘A-’

“The budgetary measures and reforms carried out by government in the last three years have been vindicated to the full by the latest credit rating report by Standard and Poor’s which raised Malta’s rating from ‘BBB+’ to ‘A-’, the first time it raised Malta’s credit...

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