February 28, 2012 1:41 pm
Wall Street Journal places Malta’s economic freedom 50th of 179 countries
It would appear that a recent study released top American financial newspaper The Wall Street Journal and the American Conservative Heritage Foundation, ranked Malta’s level of economic freedom in 50th place. Malta ranked 50th out of 179 countries.
The 2012 Index of Economic Freedom, published annually by The Wall Street Journal and The Heritage Foundation this week gave Malta and economic freedom score of 67 points. This results in its economy being the 50th freest in the 2012 Index.
Malta ranked 23rd out of 43 European countries, with an overall score above the regional average and with an overall score for 2012 1.3 points higher than that of 2011.
The index evaluates countries in four broad areas of economic freedom: rule of law; regulatory efficiency; limited government, and open markets.
Noted from the study was the fact that “Malta’s openness to international trade and investment has helped to restore economic growth to a healthy level, and the country has taken steps to enhance the competitiveness of its financial institutions.”
It adds that the country’s banking sector is one of the soundest in Europe and has weathered the European sovereign debt turmoil “relatively well” with no need for capital injections.
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