Malta: Recent Economic Developments

July 18, 1997

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Malta: Recent Economic Developments, (USA: International Monetary Fund, 1997) accessed November 22, 2024

Summary

This paper reviews economic developments in Malta during 1995–97. The brisk pace of GDP growth was maintained in 1995–96. However, the strong output growth was accompanied by a sharp deterioration in the external accounts, reflecting, in the main, a decline in national savings, from 27¾ percent of GDP in 1992–93 to some 20 percent of GDP in 1995–96. Factors contributing to these developments included a marked loosening in the fiscal stance and accelerated growth in bank lending, linked in part to financial market deregulation and intensified competition among banks.

Subject: Banking, Commercial banks, Economic sectors, Exports, Financial institutions, Imports, International trade, Public debt, Public enterprises

Keywords: Asia and Pacific, Broad money, Central bank, Commercial banks, CR, Exchange rate, Exports, Imports, ISCR, Public enterprises, Reverse repo, Treasury bill

Publication Details

Pages:

91
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1997/055
Stock No:

1MLTEA0011997
ISBN:

9781451826555
ISSN:

1934-7685

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