Asked to comment on the interim forecast statistics issued by the European Commission (EC) on Monday, two economists warned Business Today that the Maltese economy could be facing a recession by the end of the year. Veteran economist Karm Farrugia said we are in danger of falling into a recession “soon if no action is…

Economist Edward Scicluna said today that the government needed to ensure that there was liquidity in the country to stave off the consequences of a recession which was gripping many economies. He also insisted that the government needed to have better control on public spending. Speaking at a GRTU national conference, Prof Scicluna said that…

The Government is trying to downplay its unprecedented fiscal slippage just in its very first year of its Eurozone membership. This Budget, more than any other past budget, is rightly being analysed for its economic management content, rather than for the one cent tax here and the two cents benefits there traditional review. In this…

Edward Scicluna explained that “any US recession would affect the Maltese economy through its global impact, that is, if other countries, especially the EU would be affected.. Leading economists speak about the effects of a US recession on the Maltese economy Economists quizzed by Business Today about the effects of a potential recession in the…