Abela’s Praise: Malta’s Economic Growth Forecast Impresses EU

Imagine standing at the bustling Republic Street in Valletta, the sun casting a warm glow on the historic buildings, and hearing the news that Malta’s economic growth forecast has left EU officials impressed. That’s the reality we’re living in, thanks to our Prime Minister Robert Abela’s recent visit to Brussels.

EU Commission’s Growth Forecast

The European Commission has released its latest economic growth forecasts, and Malta is basking in some well-deserved praise. The EU’s executive arm predicts that our economy will grow by 6.6% this year, outpacing the Eurozone average of 5.6%. This news has been music to the ears of our Prime Minister, who was quick to hail Malta as ‘best in class’ in a tweet.

Abela’s Visit to Brussels

Abela’s recent visit to Brussels was a whirlwind of meetings and discussions. He met with European Commission President Ursula von der Leyen, European Council President Charles Michel, and other high-ranking officials. The growth forecast was high on the agenda, and it’s clear that our PM left the meetings with a spring in his step.

Abela also discussed Malta’s COVID-19 response, the EU’s recovery fund, and our country’s progress towards the green transition. It’s evident that Malta is not just punching above its weight, but leading the pack in many areas.

Malta’s Economic Resilience

Malta’s economic resilience has been nothing short of remarkable. Despite the challenges posed by the COVID-19 pandemic, our economy has shown remarkable strength. This is a testament to the hard work and dedication of our business community, as well as the government’s effective handling of the crisis.

Our economy is expected to grow by 5.2% in 2022, according to the EU Commission’s forecasts. This growth is projected to be driven by domestic demand, exports, and investment. It’s a promising outlook that bodes well for our future.

But we must not rest on our laurels. As we look ahead, we must continue to foster an environment that encourages investment, innovation, and sustainable growth. We must also ensure that the benefits of this growth are felt by all Maltese people.

As Abela himself said, “This is a testament to the resilience of our economy and the hard work of our people. But we must not be complacent. We must continue to work hard to ensure that our economy remains strong and sustainable.”