February 2012 pronounces Malta’s Economy as one of best in the

An interim forecast of the European Commission issued on the 23rd February 2012 indicates that although the EU economy is experiencing stagnation and the eurozone is in a mild recession, there is a positive forecast of moderate growth predicted for the second half of the year.

Yet, amidst stagnation in the real GDP throughout the EU and a reduction by 0.3% in the eurozone, the Maltese economy is projected to grow by 1%. It has thus been hailed as one of the best performers within the eurozone.

The EU financial sector is showing signs of stabilisation and the second half of 2012 is expected to see a recovery of investment and consumption as confidence levels increase gradually.