Malta: Pandemic to drop consumption by 80%, according to Muscat’s economic advice

Consumption of a wide range of goods and services is expected to fall by around 81 per cent as long as Malta has ongoing COVID-19 infections, an economic report by former prime minister Joseph Muscat says.

Even after easing most restrictive measures, most people will still be reluctant to travel, dine out in restaurants, hail taxis, and venture back into retail stores, the 11-page document says.

This is the second of Muscat’s analyses on the impact of the coronavirus on the economy.

Source: Times of Malta

Updated 17:10

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