According to a GRTU Survey published yesterday, businesses have reported a sharp downturn turn in sales in recent weeks. This trend, the survey shows, could be felt across the country, although it is significantly more pronounced in Valletta.
This survey shows that 65% of those who participated in the survey have recorded a significant decrease in sales, with 15% of these saying that sales fell by more than 50%. The GRTU said that while the country is going through its worst political crisis in more than 30 years, people are reluctant to purchase even basics such as medicines. 46% of respondents said that at this point they will reconsider or postpone investment plans, 28% said they had no plans for investment and 26% said they would continue with their original plans.
The GRTU said that ultimately it is the government and those in power who are responsible for these disastrous results and the current instability. “The last chaotic two weeks could have been avoided, instead it was revealed that greed and political theatrics took precedence. Malta has become an object of ridicule. The Prime Minister needs to leave now.”