GDP growth of 5.9 per cent with EU accession - expert

Abstract

According to EcoMod President and Economic Professor Dr Ali Bayar, Malta’s accession to the European Union would prompt an additional growth of 5.87 percent in gross domestic product, reversing a negative trend so far plaguing the Islands on and off since the early nineties. At yesterday’s talk titled ‘Costs and Benefits of Membership or Non-membership’ organised by the Malta Business Bureau at Attard’s Corinthia Palace Hotel, Dr Bayar said EU membership would, over the medium to long term, help Malta reduce its structural deficit. But his idea of how to reduce the bane of the Islands’ economy remains, at most, vague.