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Economic confidence index improves by 3.5% in September
Maltese say economy is faring better than the rest of Europe
Economic outlook was less gloomy than EU average at the height of political crisis.
6 August 2012, 12:00am
The first results of the biannual standard Eurobarometer survey, carried out in all EU countries during the month of May, saw the number of Maltese who think the economy is faring better than the rest of Europe's actually increased a staggering 17 points since autumn.
A more optimistic picture, or less gloomy outlook on the domestic economy by Maltese nationals emerges from the Eurobarometer survey - even if this was carried out in May, at the peak of the political crisis when Lawrence Gonzi was facing two no-confidence votes by the Opposition and a rebellious backbench.
An absolute majority 53% now think Malta's economy is doing better than the rest of Europe while only 39% think it is worse.
The survey also shows that although 53% think the economic situation in Malta is still bad, the Maltese are becoming less gloomy about the economic outlook. This is because the survey also shows a 7% increase in the number of those who describe the economic situation in Malta as being good.
While in the whole EU, only 27% describe the economic situation of the country as good, the percentage rises to 41% in Malta.
The same survey shows that only 27% think Malta is faring better than other EU countries with regards to public finance, while nearly half (49%) think Malta is doing worse.
Still, the survey confirms the perception that employment remains Malta's strongest point. In fact the percentage of those who think that the employment situation in Malta is better in Malta than the rest of Europe has increased by 16 points since Autumn. While 48% think that Malta has a better employment situation than other EU members, only 39% think it is worse off.
On the other hand, 71% think that Malta is worse off than the rest of the EU with regards to inflation but the survey shows a sharp 10-point drop in those expressing this opinion in autumn.
The Maltese also report an improvement in their personal situation with the percentage of those who describe the financial situation of their household "good" increasing by 5%. The number of Maltese who describe their financial situation as being good has now surpassed the EU average of 62%.
The survey shows that concern in Malta about inflation is one of the highest in Europe while concern on unemployment is one of the lowest in Europe.
James Debono is MaltaToday's chief reporter on environment, planning and land use issues, ...
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