Hidden Bibliographic Details
| Varying Form of Title: | Malta, 2010 Article IV consultation
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| Other authors / contributors: | International Monetary Fund, issuing body.
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| ISBN: | 128355349X
9781283553490
9781455236725
1455236721
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| Notes: | Online resource; title from PDF title page (IMF Web site, viewed May 10, 2011).
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| Summary: | 1. Further policy effort is needed to fully exploit the benefits offered by EU and euro membership. As a small and very open economy, Malta has benefited from tighter integration into the European economy and participation in the euro area. Pragmatic and flexible polices played a crucial role but more action is needed. Catching up further with incomes of richer European countries requires raising productivity, skills and employment rates simultaneously, which is a formidable challenge many other countries in Europe are facing as well. Continued diversification into high-value exports offers the most promising source of sustained recovery for Malta. Further upgrading the various economic clusters and promoting synergies between them would also reduce the risks stemming from potentially unfavorable changes in the European or international regulatory and taxation framework.
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