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Steady on: it’s not all that grand

The government and its key people have pulled out all the stops, especially since the budget, to reinforce the perception that Malta is bucking the EU trend and that its economy is booming. I will not be questioning the figures, such as they are, but calling instead for a sober appraisal of our national economy so as not to run away with the delusion that we have found the elixir of growth which has escaped all the others around us. We now have a government that determinedly issues statements after every little piece of economic news, even when they are less than completely positive, and turning them into paeans of exultation. The most notorious case was when a Competitiveness Index revealed…