The latest economic forecasts published by the European Commission foresee Malta's economy to grow more 'robust' in the coming two years. In certain areas, Malta is even set to perform better than the EU average.
The European Commission pointed out that Malta is expected to perform better than its euro area peers in the sector of job creation. In addition, Malta's deficit is foreseen to continue to fall to 1.8% this year and a further 0.3% to reach 1.5% in 2016 if no change in policy were to be carried out.
Malta's GDP was recorded to have achieved its highest growth rate since 2010 and is estimated to accelerate to 3.6% this year. The main factors that are likely to slow down the projected growth are falling behind projected targets in energy investment projects as well as the high subsidies granted to the new public transport service provider.
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