According to statistics released by the Statistical Office of the European Union, Eurostat, between the first quarter of this year and the last quarter of last year, the Maltese economy grew by 1.9%.
This is in stark contrast to the Eurozone average, where the economy has shrunk by 0.3%, which means that the Maltese economy has grown more than six times the Eurozone average. Germany’s economy, the country considered as Europe’s economic stalwart, shrank by 1.8% between the last quarter of last year and the first quarter of this year.
Prime Minister Robert Abela noted these statistics and stressed that if we continue to work together, we can build new prosperity. This new data about the Maltese economy was published a few days after the international credit agency, Fitch, reaffirmed the rating of A + with a stable forecast for Malta.