Malta has experienced positive economic growth in 2018, and the International Monetary Fund (IMF) has predicted steady growth for 2019. Malta is placed second among all the countries in the world with one of the highest economic growth forecasts for 2019.
The report stated that Malta is forecasted to register the highest growth rates within the European Union – with a 4.6% increase in 2019. Macao, with GDP growth of 6.3% topped the chart. Third and fourth in line were Cyprus and Slovakia with economic growth at 4.2% and 4.1% respectively.
The global economy is forecasted to grow 3.7% in 2019 — down 0.2% from an earlier forecast. The IMF cites the European Brexit issue and present trade wars between the US and trading partners as main culprits.