Malta poised to become EU's fastest-growing economy

VALLETTA, Nov. 15 (Xinhua) -- Malta's economy is expected to grow faster than predicted, making it the fastest-growing economy in the European Union (EU), according to the European Commission's autumn forecast released on Friday.

The Commission has revised Malta's projected economic growth for 2024 to 5 percent, an increase of 0.4 percentage point from its spring forecast. This growth is driven by strong domesti