IMF Staff Country Reports

Malta: 2024 Article IV Consultation-Press Release; and Staff Report

January 22, 2025

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Format: Chicago

International Monetary Fund. European Dept. "Malta: 2024 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2025, 017 (2025), accessed January 22, 2025, https://doi.org/10.5089/9798400299704.002

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Summary

Malta has experienced strong growth over the past decade, primarily driven by export-oriented service industries, such as tourism and online gaming. Although growth is expected to moderate, it will remain among Europe’s highest in the near term, along with tight labor markets. Inflation has fallen to around 2 percent, but some inflationary pressures remain in the service sector. Strong growth has been supported by an influx of foreign workers and tourists, leading to increased density and strain on infrastructure and public services. This has raised concerns about the sustainability of the labor-intensive growth model. The financial system has demonstrated resilience amid successive shocks.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Corporate income tax, Crime, Energy prices, Financial sector policy and analysis, Financial sector stability, Fiscal policy, Fiscal stance, Labor, Labor markets, Prices, Public debt, Revenue administration, Taxes

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Corporate income tax, Energy prices, Financial sector stability, Fiscal stance, Labor markets

Publication Details

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