Fitch Gives Malta Clean Bill
Fitch Gives Malta Clean Bill

Fitch Gives Malta Clean Bill

Fitch Gives Malta Clean Bill

Ratings agency Fitch has given Malta’s economy a clean bill of health as it confirmed its A+ rating. Malta’s ratings reflect its high national income per head compared with the ‘A’ median, robust economic growth, a large net external creditor position, and strong governance indicators, the agency said in a review, MNA reported. Unemployment is low compared with ‘A’ rated peers, declining to an estimated 4% in 2017 from 4.7% in 2016, and household net worth is high, it said. But Fitch said Malta’s ratings are constrained by the small and highly open nature of its economy, which makes it vulnerable to external developments, and its high, albeit declining level of contingent liabilities and outsized banking sector relative to GDP. Real GDP grew at a robust pace in the third quarter of 2017 at 7.2% and growth is estimated to reach 7% for the whole year, boosted by a strong net trade contribution. Economic growth will be slightly slower at 5.9% in 2018, but faster than the ‘A’ median five year average of 3%.


Short URL : https://goo.gl/Kgr7h2
  1. https://goo.gl/EzSP1Z
  • https://goo.gl/UQGGpE
  • https://goo.gl/wFGjZ7
  • https://goo.gl/XaUwp4
  • https://goo.gl/CxhrHb

You can also read ...

Capital Economics forecasts Turkey’s GDP growth will fall to 3.5% in 2018 from 7.4% in 2017.
Expectations for Turkey's end-2018 inflation rate rose from 12...
Trump Tactics Sabotaging US Economy, Markets
Wall Street could be making a costly mistake. According to...
Apple Watch Smells Losses
The latest round of US tariffs on $200 billion of Chinese...
File photo of finance ministers and central bankers from the G20 nations.
Global economic growth is poised to pick up this year, though...
Italian Bonds, Stocks Fall
Italian bond yields rose and equities sold off on Friday after...
Technology Can Help Workers From the Informality Trap
Technology and what it will do to change how people work is...
Moody’s Warns Philippines of Downside Risk
Debt watcher Moody’s Investors Service on Friday said the...
A weaker yuan remains a source of risk for global currency markets.
The Chinese yuan slid to its lowest in more than a year on...

Add new comment

Read our comment policy before posting your viewpoints