European Economy : occasional papers No. 139 : macroeconomic imbalances, Malta 2013 ; Macroeconomic imbalances, Malta 2013
Acknowledgement: The University of Malta would like to acknowledge its gratitude to the 2013, European Commission, Directorate-General for Economic and Financial Affairs for their permission to upload this work on OAR@UoM. Further reuse of this document can be made, provided the source is acknowledged. This work was made available with the help of the Publications Office of the European Union, Copyright and Legal Issues Section. ; In the previous round of the MIP, Malta was not identified as experiencing imbalances. In the updated scoreboard, a number of indicators are above their indicative thresholds, namely, private sector debt, the current account balance and government debt. In addition, the growth rate of total financial sector liabilities has exceeded the indicative threshold several times in the past decade and as a result the accumulated growth in 2011 significantly exceeded the average for the euro area. This in-depth review takes a broad view of the Maltese economy in order to identify actual or potential imbalances and the macroeconomic risks which they may entail ; N/A