We've trimmed our 2024 GDP growth forecast by 0.2ppts to 3.9% but raised our forecast for next year by the same amount to 4.0%. We estimate the positive impact from generative artificial intelligence will reach around 1.5% of GDP over the long term. We think the Maltese economy will achieve this over the next 25 years due to productivity gains.
Malta: The slowdown in Q2 isn't a cause for concern