Tag: Economic growth
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Clarifying the comments about the deficit made by the Minister for Finance on government expenditure
Earlier this week the Minister for Finances Clyde Caruana criticised the Opposition and media outlets which had raised the alarm over the European Commission’s position over Malta’s budget and its excessive-deficit procedure. The Minister said that the government is reducing the deficit and that there are no issue with the EU Commission. This is only…
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EU estimates a 1.5% growth rate for 2025: Malta retains highest growth forecast for 2026
According to the latest release by the European Commission, the European Union’s GDP growth rate for Autumn was 1.4% with the estimate for the end of the year marked closer to 1.5%. The Euro area is set to grow at the lower rate of 1.3%. Malta has retained the highest economic growth forecast for 2026…
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Federal Reserve lowers economic growth forecasts due to tariffs and tariffs-induced inflation
The US Federal Reserve has lowered its economic growth forecast for the rest of the year citing uncertainty and potential risks with tariffs and tariffs-induced inflation. US economic growth for 2025 is projected at 1.4% with inflation at 3%. Economic growth is set to pick up next year according to the Fed’s projections at 1.6%.…
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Some context on today’s GDP statistics
Robert Abela is quick to declare victory laps but it is important to give some context to the 3.9% growth rate registered in Q2 before assuming that things are all fine. Apart from the seasonality aspect of the figure, the statistics also showed slowing local consumption, paired with European recessionary vibes. The growth rate is…
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Project Greek Dubai
Reports in the press that poverty in Malta has been increasing are becoming ever more alarming. The government intends to substantially increase the COLA in this year’s budget and issue additional payments to pensioners which are undoubtedly welcome but the government has no plans to address the structural problems in our economy which are driving…
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I get a holiday on my yacht. You get 0% economic growth.
Robert Abela came back from his yachting holiday in Ibiza to tell us that he doesn’t understand the difference between “nominal” and “real” in economic terms. Robert Abela is bragging online that Malta had a 9% GDP growth rate during its last quarter, but adjusted to inflation which hovered around the same mark, the real…
