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Malta Business Review | SPECIAL EDITION<br />
macro - economic analysis<br />
MALTA<br />
State of Play – Winter <strong>2016</strong><br />
MACROECONOMIC SITUATION<br />
No imbalances (no in-depth review).<br />
• Strong GDP growth and labour market dynamics<br />
• Unemployment is <strong>low</strong> but so too are activity rates<br />
• Bottlenecks in network industries; reform needs in<br />
public administration weigh on competitiveness<br />
DiNe at the LaguNa WaLk<br />
Dine I Relax I Events<br />
PROGRESS ON COUNTRY-SPECIFIC RECOMMENDATIONS<br />
• Some progress in addressing weaknesses in the<br />
education system<br />
• Some progress in improving SMEs’ access to<br />
financing<br />
• Limited progress on pension system reform<br />
Laguna Walk offers a selection of indoor and outdoor dining experiences<br />
with food and beverage outlets offering a variety of cuisines to tempt every<br />
palate. Fol<strong>low</strong>ing a delectable meal, visitors can also enjoy spectacularly<br />
choreographed fountains as they take a stroll on the beautiful promenade or sit<br />
on the grand steps and scenic terraced rooftops overlooking the lagoon.<br />
fiscal situation<br />
123<br />
• No excessive deficit<br />
• Structural balance not at the medium-term budgetary<br />
objective<br />
• Public debt decreasing towards the 60% of GDP<br />
reference value<br />
• Draft Budgetary Plan <strong>2016</strong> assessed as broadly<br />
compliant with the rules of the Stability and Growth Pact2<br />
More info at<br />
http://ec.europa.eu/economy_finance/eu/<br />
Dine at one of our various restaurants:<br />
LAGUNA<br />
R E S T A U R A N T<br />
1: The overall assessment of the country-specific recommendations related to fiscal policy does not look at compliance with the<br />
Stability and Growth Pact. This will be assessed once final data for 2015 are available and Stability and Convergence Programmes<br />
have been submitted.<br />
2: The Commission issued its Opinion on the Draft Budgetary Plan on 16 November 2015.<br />
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