MIA News 05/05/2014: The
European Commission is expecting the Maltese economy to continue to
grow “robustly” in the coming two years according to the latest economic
forecasts published in Brussels this morning.
The
forecast, published twice a year, says that economic expansion is
expected to be driven by domestic demand, in particular strong household
consumption and a number of large scale investment projects.
At
the same time, inflationary pressures are expected to gradually return,
but overall inflation is forecast to be contained on the back of the
reduction of utility tariffs.
The
commission said real GDP growth is forecast to moderate slightly but to
remain robust, reaching 2.3 per cent this year and 2.1 per cent next
year mainly thanks to domestic demand. It was 2.4 per cent last year.
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