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Europe’s economic governance

Europe’s economic governance

The EU economy has emerged from the shadow of COVID-19 with a spring in its step, thanks to strong policy support and a successful vaccination campaign. Uncertainty and risks remain high but the recovery is now taking hold. In fact, growth this year may well exceed our July forecast of 4.8 per cent and unemployment is almost back at pre-pandemic levels

Malta with EU’s third highest deficit in 2020

Malta with EU’s third highest deficit in 2020

Ritratt: Miguela Xuereb Malta registered the third largest deficit in the European Union last year, Eurostat data revealed. Malta’s deficit in 2020 stood at €1.2 billion, or 9.7% of GDP. According to the National Statistics Office, Malta registered a decrease of €1.33 billion over the surplus recorded in the previous year. The balance is calculated

Malta recorded third-highest deficit in EU last year

Malta recorded third-highest deficit in EU last year

Malta registered the third-highest deficit in the European Union last year, Eurostat data shows. Measured as a percentage of GDP, Malta’s deficit in 2020 stood at 9.7%, topped only by Spain at 11% and Greece 10.1%. In monetary terms, Malta’s deficit clocked in at €1.2 billion. The increased spending saw government debt shoot up to €6.9 billion last