Malta quarterly review presents mixed outlook

centralbank-malta

The Central Bank of Malta's quarterly review, published on June 26, warned of weak growth in both the eurozone and Malta. The review called on the government to do more to cut its deficit and introduce structural reforms in order to encourage improved economic activity.

The review focused on the eurozone as a continuing drag on growth. The central bank said the ECB expects eurozone growth to be between -0.5% and 0.3% in 2012, and reported that Maltese GDP turned negative at the end of 2011

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