The European Commission has commented that Malta’s economic growth is continuing to amaze, with a rate of growth which reached about 7% last year.
The Commission stated this when the economic reports of member countries were presented in what is known as the Spring economic forecast. The Commission is forecasting that the European economy will continue to grow, but warned of new risks.
Economic growth in European Union countries and in the euro zone last year was the best for the past ten years, when an average growth of 2.4% was registered. In its Spring forecast the European Commission stated that it expected this positive trend to continue this year and also in 2019.
The European Commissioner responsible for social dialogue and financial stability, Valdis Dombrovskis, and the Commissioner for Economic Affairs, Pierre Moscovici, welcomed the economic indicators.