Moody's sees light and shadows in review of Malta's economy

Moody's offices in Lithuania. Photo: Shutterstock

Moody’s believes Malta’s trend of strong economic growth, coupled with a strong domestic funding base and “moderate” debt burden are fuelling a reasonably diversified economy with a “sound” institutional framework.However, it believes the country faces challenges in closing its fiscal deficit and in controlling corruption and upholding the rule of law.The credit rating agency provided...