Malta’s economy will improve but grow at a moderate pace in 2021. The economy will be affected by the continued measures in place to contain the spread of the Coronavirus (COVID-19) pandemic. The all-important tourism and services industries will be particularly affected. Real GDP growth will increase to 5.6% in 2022, but average annual rates of growth will gradually decelerate in the medium term, falling to around 4.5% per year by 2028. This is roughly equal to the potential rate of growth.
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