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The Central Bank of Malta's latest economic projections foresee economic growth over the coming three years to remain strong from a historical perspective, though somewhat lower than in 2017. These projections feature a downward revision in growth in 2018, when compared to the previous set of forecasts, reflecting lower than anticipated growth in 2017. In contrast, GDP growth in 2019 and 2020 was revised up, as selected large investment projects are expected to be delayed to these years. Growth in the coming years will be supported by both demand and supply factors. In particular, the continued impact of the energy reforms, new investment projects and increased labour market participation will support potential output. Moreover, domestic demand will be the primary driver supporting the economic expansion over the next three years.
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