Malta : Recent Economic Developments.

This paper reviews economic developments in Malta during 1995-97. The brisk pace of GDP growth was maintained in 1995-96. However, the strong output growth was accompanied by a sharp deterioration in the external accounts, reflecting, in the main, a decline in national savings, from 27 3/4 percent o...

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Bibliographische Detailangaben
Körperschaft: International Monetary Fund
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 1997.
Schriftenreihe:IMF Staff Country Reports; Country Report ; No. 1997/055
Online Zugang:Full text available on IMF
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520 3 |a This paper reviews economic developments in Malta during 1995-97. The brisk pace of GDP growth was maintained in 1995-96. However, the strong output growth was accompanied by a sharp deterioration in the external accounts, reflecting, in the main, a decline in national savings, from 27 3/4 percent of GDP in 1992-93 to some 20 percent of GDP in 1995-96. Factors contributing to these developments included a marked loosening in the fiscal stance and accelerated growth in bank lending, linked in part to financial market deregulation and intensified competition among banks. 
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