Malta’s economy will be “severely affected” by the coronavirus pandemic this year but the impact will be less than the EU average, according to the European Commission’s Spring forecast .
In its estimate, the commission said Malta’s economy, which had “already shown signs of cooling” before the pandemic would contract by 5.8 per cent in 2020, but should rebound by 6 per cent the following year.
The impact is below the average for the eurozone, which is forecast to contract by 7.7 per cent.
Source: Times of Malta
Updated 14:40
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