The International Monetary Fund has forecast the Malta’s economy is expected to expand by 6.25% in 2023 and 5% in 2024, among the highest in Europe.
The IMF has described Malta’s post-pandemic economic recovery as “impressive”, while their report indicates the unemployment rate in Malta will remain low and the cost of living will continue to go down.
The report highlights Malta’s subsidies on energy and recommended a gradual reduction in these subsidies while at the same time supporting vulnerable families.
