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Malta's economy will continue to slow from the boom years of 2014-16, when the economy expanded by an extraordinary 7% on average. That said, the country will still enjoy solid expansion, and at 3.2% GDP growth will remain well ahead of the Eurozone average. Household consumption growth is expected to ease from last year, but it will continue to expand at a solid pace, underpinned by a strong labour market, as unemployment hits new lows. Meanwhile, the key tourism industry also maintains solid momentum, further supporting economic activity. Further ahead, we expect growth of around 2.5% a year in 2018-20.
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