Malta’s growth far out­strips that of other EU coun­tries

Malta’s real GDP growth year on year in the first half of this year far out­strips that reg­is­tered by other EU coun­tries. Al­though this was known, the im­pact of a graphic is dra­matic. This is shown by a graph created by DBRS in its lat­est Macro Up­date on

The Malta Business Weekly - - FRONT PAGE -

DBRS pub­lished the first edi­tion of the Macroe­co­nomic Up­date cov­er­ing Europe. The pub­li­ca­tion pro­vides DBRS Views and Key Trends in the Euro area and the United King­dom in the near term.

DBRS also com­ments on the ma­jor macro head­lines and presents a Macro Dash­board, for both the Euro area and the UK, with the lat­est main macroe­co­nomic, fi­nan­cial and mar­ket in­di­ca­tors.

The pub­li­ca­tion con­tains DBRS Rat­ing Up­date on Sov­er­eigns, Sub-sov­er­eigns, and Supra­na­tional in­sti­tu­tions in Europe, as well as the list of com­men­taries pro­duced by both the Sov­er­eign team and the Fi­nan­cial In­sti­tu­tions Group team in Europe over the past six months.

DBRS sees eco­nomic growth in the Euro area re­main­ing moder- ate in 2018, while labour mar­ket con­di­tions con­tinue to im­prove. Al­though head­line in­fla­tion in the area has risen, core in­fla­tion re­mains sub­dued.

Mon­e­tary tight­en­ing is set to start in 2019, but DBRS ex­pects only a grad­ual nor­mal­i­sa­tion in mon­e­tary con­di­tions. Risks to the eco­nomic out­look in the Euro area over the next six months ap­pear to the down­side.

In the UK, eco­nomic growth gained mo­men­tum in the sec­ond quar­ter of 2018. DBRS high­lights that the CBI com­pos­ite growth in­di­ca­tor continues to show re­silience.

How­ever, DBRS also points out that ac­tiv­ity in the UK hous­ing mar­ket, a key fac­tor along with in­comes af­fect­ing con­sumer con­fi­dence and house­hold spend­ing, has been mixed so far this year.

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