According to the spring forecast released on 11 May, real GDP is projected to stagnate this year in the EU and to contract slightly in the euro area. However, strong policy actions and major advancements in the EU institutional framework have brought about an easing of financial market tensions in the beginning of 2012 and a tentative stabilisation of confidence, expected to strengthen over the forecast horizon.
Together with an expected acceleration in global growth, a gradual recovery is forecast to start in the second half of the year and gather speed in 2013. The unemployment rate, which lags changes in economic activity, is expected to remain at 10.3% in the EU and at 11% in the euro area in 2012 and 2013.
16 October 2025
Following the recent debate on the potential introduction of a four-day working week, the Malta...
17 September 2025
The Malta Chamber of SMEs welcomes the positive news that direct flights between Malta International...
07 September 2025
The Malta Chamber of SMEs congratulates Dr Alex Borg on his election as Leader of...
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).
