Some Good News On The Economy

[Gladiator]

Maltese economy grows by 2.5 per cent in 2005 by Ruben Cassar, di-ve news (rubcas@di-ve.com)

http://www.di-ve.com/image-jpeg.dyn?imageId=222385

VALLETTA, Malta (di-ve news) -- March 10, 2006 -- 1800CET -- The National Statistics Office (NSO) published statistics confirming that the Maltese economy has grown during 2005. The statistics show that the economy achieved a real growth of 2.5 per cent compared to 2004. This was above the European average of 1 per cent.

Another positive aspect is the fact that this growth is spread on a wide range of diverse economic and productive sectors of the island, during a period of weak consumer spending.

During the past weeks Malta's economy was under the international focus. The European Commission and the credit rating company Standard and Poors released positive reports on the economic activity in Malta.

On Friday, another credit rating company; Moody's Investor Services released another positive report on Malta. Moody's raised Malta's credit rating from stable to positive.

Some factors that helped achieve this result were the low level of unemployment and inflation, per capita production, the nation's financial policies and the prospects of adopting the Euro.

[Marco Polo]

Maltese economy grows by 2.5 per cent in 2005 by Ruben Cassar, di-ve news (rubcas@di-ve.com)

http://www.di-ve.com/image-jpeg.dyn?imageId=222385

VALLETTA, Malta (di-ve news) -- March 10, 2006 -- 1800CET -- The National Statistics Office (NSO) published statistics confirming that the Maltese economy has grown during 2005. The statistics show that the economy achieved a real growth of 2.5 per cent compared to 2004. This was above the European average of 1 per cent.

Another positive aspect is the fact that this growth is spread on a wide range of diverse economic and productive sectors of the island, during a period of weak consumer spending.

During the past weeks Malta's economy was under the international focus. The European Commission and the credit rating company Standard and Poors released positive reports on the economic activity in Malta.

On Friday, another credit rating company; Moody's Investor Services released another positive report on Malta. Moody's raised Malta's credit rating from stable to positive.

Some factors that helped achieve this result were the low level of unemployment and inflation, per capita production, the nation's financial policies and the prospects of adopting the Euro.

this probably means we got poorer. what was inflation at? why arent inflation and gdp figures released together so that gahan can see he is being shafted?

as for europe, disaster. there seems to be far worse cases than malta.

[Cikku]

THAT IS PURE UNADULTERATED BULLSHIT !!

Give a good statistician ANY set of statistics and he will give you ANY result you want to see, even opposing !!

:confused:

[PERICLES]

That's still bad compared to the emerging Eastern European countries. The EU average is low because of the poor growth of ALREADY DEVELOPED CONUTRIES. We should not compare our results with those of Germany (example) who's GDP per capita is already twice that of Malta. We should compare with Cyprus, Slovenia, Hungary and the Czech Republic.

[nowhere]

yup, we are still a developing country, so we cannot compare our increase in GDP figures to already developed countries to judge whether it's good or not. And besides.. GDP figures are a bunch of bull crap. If a country is buying nuclear weapons, the GDP of that country would be very high, but citizens may not be living a good life since their govt. would be solely interested in weapons and not investing in social services etc...

[etoile noir]

cikku is right through and through [or true and true]

you want to see how the ecomony is doing? just take a look at your own personal finances, and your household. its the best reflection of how the country is faring. always bring things down to the lowest common denominator and you get the best indicator.

and sod these lies, damned lies and statistics :(

[Darius]

Oh yes the economy is improving, I just don't have a penny to spend just to save some fucking bucks!

[Angelfish]

cikku is right through and through [or true and true]

you want to see how the ecomony is doing? just take a look at your own personal finances, and your household. its the best reflection of how the country is faring. always bring things down to the lowest common denominator and you get the best indicator.

and sod these lies, damned lies and statistics :(

The best indicator that I go by is what my clients from all walks of life tell me. And the news is bad , very bad.

A drunk leans against an illuminated lamp post not for enlightement but simply for support! And that is what all this offical spinning is doing!

[Gladiator]

You all get an A or 10 out of 10 in your Economics test.

You all have valid points. Marco, EN and Nowhere the inflation figures are not there. Yes this is the main factor, which DIRECTLY affects the consumer. How many things costs to get by and how much money is left to spend? ( I should include to save or invest for your old age.)

This is what is called the purchasing power. As EN said ask yourselves. :)
These official figures are only used to gauge the performance of the economy overall. This is about Malta, and to Malta's size of economy. The total sum of all the goods and services produced.

Obviously Governments in power always use this data as a propaganda tool as Angelfish said.
But at least we are better off say than Zimbabwe:eek:

[Gladiator]

Oh yes the economy is improving, I just don't have a penny to spend just to save some fucking bucks!

Wow you are in deep shit man.

[malsey]

I can make only one point. the best economy currently in the world is China. does thismean that people are living a high standard of living their? obviosly no. You have to see the distribution of profit. Flus go malta hawn minn qed jghamel, imma persuna wahda ma tirriflettiex l ekonomija.

Mid dera l unika kretin li qed ihossu jghix ahjar u gonzi. ovvjament trid tara l inflation mall GDP. Trid tara wkoll kemm gonzi hadem biex jigbor taxxi b lura, u jnehhi l evazjoni tat taxxa.( dan hu xoghol tajjeb, pero ma jfissirx ghax kiber il gdp morna ghall l ahjar)

[nowhere]

ovvjament trid tara l inflation mall GDP.
aw il-loghob bil-kliem.. ax qalu li "The statistics show that the economy achieved a real growth of 2.5 per cent compared to 2004." real GDP semmew mux nominal GDP (real GDP hija it-tqabbila tal-GDP tas-sena li ghaddiet ma ta dis-sena minajr inflazzjoni) pero` biex vera tara kif sejra l-ekonomija trid tqabbel tlett figuri ta real GDP (fuq infiq, produzzjoni u income) u tqis il-GDP per capita.. issa dik l-istatistika basikament ma tghidlek xej lol just 'growth' imma kif imqabbla u ekk m'hemm imnizzel xej...

lol insomma xi haga ekk ax andi xeba nas

[Darius]

Actually unlike some Gahans whithout education which just flood their pockets from business.

[Niccolo]

THAT IS PURE UNADULTERATED BULLSHIT !!

Give a good statistician ANY set of statistics and he will give you ANY result you want to see, even opposing !!

:confused: I used to work in statistics and I agree whole heartedly.

[carlos]

Moreover statistics are subject to interpretation! The usual half empty or half full sort of behaviour!