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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