The European Commission estimates that a government statement, which indicates that Malta comes from the Autumn Economic Estimation, will see a 1.8% increase.
”The Commission's report confirms that Malta has succeeded with record wage increases, higher wages and strong investments than the rest of the EU.“
The government said that the country's economy will increase by 5.4% in 2018.
The government also said that Malta will demonstrate the largest increase in employment in the EU, with 5%. Moreover, it is stated that the inflation rate in Malta for this year will be 1.8% and Malta will have the second highest surplus in the eurozone.
The European Commission, in its own statement on economic forecast, said the growth in the euro zone would rise to a high rate of 10% in 2017, up from 2.1% in 2018, and in 2019, and 1.7 & # 39; # 39; at 1.9 percent. In 2020.
”The same model is expected for the EU27, growth of 2.2% in 2018, 2.0% in 2019 and 1.9% in 2020.“
Ve The globally well-intentioned global situation of last year has supported strong economic activities and investments in the EU and the euro area. Despite a more uncertain environment, it is estimated that all Member States will continue to grow at a slower pace, thanks to the power of domestic consumption and investment. Europe, which seeks to prevent large shocks, must be able to overcome potential economic growth, sound job creation and unemployment. However, this basic scenario is subject to an increasing number of interdependent downside risks. "
"All EU economies are preparing to grow this year and later, which will bring more jobs," said Valdis Dombrovskis, Vice President of the Financial Services and Capital Markets Association, Euro and Social Dialogue. The uncertainty and risks in both the external and internal markets are rising and the pace of economic activity is beginning to decrease. In order to strengthen the resilience of our economy, we must remain vigilant and work more. Decisions to further strengthen our Economic and Monetary Union: At the national level, there is a stronger case for the creation of financial buffers and the reduction of debts, while the benefits of growth are felt by the most vulnerable members of society. "
Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: Pierre The European economy is in a good condition, slowly accelerating growth. We expect that this model will continue for the next two years, because unemployment continues to decline to levels not seen before the crisis. The decline in the public debt in the euro zone continues with the deficit falling to less than 1% of GDP. In an increasingly ambiguous international setting, policy makers in both Brussels and national capitals should work to ensure that the eurozone is strong enough to cope with what the future will have. "
Domestic demand to ensure growth
The Commission, Europe's rising global uncertainty, international trade tension and high oil prices in Europe & # 39; also said it will have a reducing effect on growth. Olasılığı After years of strong employment growth, the possibility of slowdown in labor market developments and increased supply-side restrictions in some Member States could also contribute to this damping effect. The driving forces of growth have become increasingly localized: Private consumption should benefit from stronger wage growth and fiscal measures in some Member States. Financing conditions and high capacity utilization rates are also expected to support investment. For the first time since 2007, investment in all Member States is expected to increase in 2019. "
Ay Taking all these factors into account, the gross domestic product (GDP) in all Member States should continue to grow, but the pace has started to slow down and appears weaker than expected in the summer. “
Inflation caused by oil prices
It is estimated that the main inflation rate will remain moderate during the forecast period. In 2018 and 2019, the Commission announced that the inflation rate fell to 1.8% in the euro area and 1.6% in 2020.
Iyor The rise in oil prices increased inflation this year and strong base effects are expected to continue in the first quarter of next year. Although core inflation, which excludes energy and unprocessed food prices, is relatively loosened this year, it is expected to revive itself in 2020 as the main element of the prime minister inflation.