Current Account in Malta
Malta - Current AccountThe available data paints a mixed economic picture for Q1. Industrial production contracted, suggesting downbeat private sector activity. Meanwhile, consumer sentiment plunged and inflation soared, pointing to depressed household spending. On the other hand, the unemployment rate continued to fall, economic sentiment strengthened and tourism continued to recover. Moreover, government finance data for the quarter shows that the consolidated fund deficit shrank compared to the same period of the previous year, mainly due to rising revenue from income and value added taxes, as well as an increase in social security contributions. Moving into Q2, the labor market remained relatively tight in April, while in the same month consumer confidence rebounded. However, inflation continued to spike, while economic sentiment began to weaken.
Malta - Current Account Data
|Current Account (% of GDP)||3.6||6.3||12.3||10.6||10.5|
5 years of economic forecasts for more than 30 economic indicators.
Malta Current Account Chart
Source: Central Bank of Malta and FocusEconomics calculations
|Bond Yield||0.43||3.09 %||Dec 30|
|Exchange Rate||1.12||0.65 %||Dec 31|
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