Economic growth belies PN warning of dire situation - Muscat

Data showing strong economic growth in the third quarter of this year was especially welcome given what the Nationalist Party used to predict a dire situation for Malta after the general election, if Labour won, Prime Minister Joseph Muscat said this morning. The National Statistics Office said last week that the economy grew by 7.2% between July and September. This was the period immediately after the general election when the Nationalist Party had warned of an exodus of foreign companies if Labour won, Dr Muscat said. Not only had foreign companies not gone, but more had come to Malta, and the economy grew, he said.  And, he added, the investment Malta had attracted so far was just a drop of what Malta would achieve. "Those afraid of heights should better look elsewhere," he said to applause. Dr Muscat said that he had had a phone conversation with the management of Crane security printing after its takeover by another company, and he had been assured that the investment in Malta was safe. Indeed, the Malta project had made the company more attractive to its buyers. Dr Muscat insisted that economic growth was being translated into wealth for the people. The government, he...