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May 2020

EC forecasts Malta with third lowest negative growth rate in the euro area

The Ministry for Finance and Financial Services welcomes the Spring Economic Forecast 2020 published by the European Commission (EC) which corroborates the Government’s own macroeconomic forecasts in expecting economic growth in 2020 to recover the lost ground this year. Indeed, the EC forecast the Maltese economy to grow by 6.0 per cent in 2021 after contracting by 5.8 per cent in 2020. PRESS RELEASE BY THE MINISTRY FOR FINANCE AND FINANCIAL ... [+]