PwC Malta Press Room

The latest economic outlook for Malta issued by PwC reveals a robust performance in the face of moderate global growth projections. According to recent data, Malta's GDP growth rate stood at 6% in 2024, although decelerating somewhat from 6.8%, and is forecasted to dip below the 4% mark by 2026. This growth is driven by sectors such as real estate, construction, financial services, and the public sector. However, traditionally higher value-added sectors such as professional services, ICT, and arts & entertainment (including i-gaming) have slowed down or even contracted slightly. In fact, official statistics for FY24 at a sectoral level suggest a negative correlation between a sector’s growth rate and that same sector’s output per employee in euro terms. The latest global projections from the PwC Network suggest that global growth will moderate somewhat, at 2.6% in 2025 and 2026, down from 2.8% in 2024. The US economy is expected to grow at just over 2%, while China's growth is projected to moderate to around 4.5%. Growth in the eurozone is expected to remain slow, at 1.1% in 2025, picking up marginally to 1.3% as the German economy recovers somewhat. Meanwhile, India's economy remains robust, with growth expected to be over the 6% mark. Read more.

PwC Malta is pleased to announce the appointment of Joanne Saliba, Michael Borg and Eric Mackay as Partners within the Assurance, Tax, and Advisory service lines, respectively. These appointments came into effect as of 1 January 2025. Each of these individuals brings a wealth of professional experience and expertise, having participated in and led numerous local and international projects. "I am proud to welcome these exceptional professionals to our expanding team of partners. As our firm continues to grow, and the nature of our services continue to be multi-disciplinary, it is essential that we empower talented individuals to ensure that the firm continues to meet the needs of its clients. I have no doubt that Joanne, Michael and Eric possess the skill and dedication needed to help our clients navigate both local and global challenges and opportunities with integrity, objectivity, and professional confidence, fostering trust within our firm and the broader community," remarked David Valenzia, Territory Senior Partner at PwC Malta.

PwC Malta and the Malta Chamber of Commerce, Enterprise and Industry renewed their gold collaboration agreement, underscoring their commitment to fostering business community growth and supporting a forward-looking vision for the country. Since 2022, this partnership has driven meaningful discussions and established a vision that captures the ideas, hopes, and aspirations for both current and future business generations.

PwC Malta has recently issued its report focused on Malta’s ranking in the Jones Lang LaSalle (‘JLL’) Global Real Estate Transparency Index (‘GRETI’) revealing that Malta still ranked within the list of “Low Transparency” countries, lagging behind other European countries.

PwC Malta has recently released the results of its latest CEO Confidence Tracker, aimed at tracking the business sentiment of Malta's top CEOs in a context of an increasingly volatile and challenging economic environment. The tracker, in which around 40 CEOs participated, was conducted in the second quarter of 2024 and provides valuable insights into the current and future outlook of the Maltese economy as perceived by its leading businesses.

PwC Malta has welcomed four new directors into its leadership team. Effective 1 July 2024, Marie Claire Shead and David Gafa have been appointed Directors within the Assurance line of service, Stefan Diacono has been appointed Director within the firm’s Finance and Corporate line of service and Etienne Falzon has been appointed as a Director within PwC Digital Services Malta Limited.

On 21 June, PwC Malta successfully hosted its Tax Conference at the DoubleTree by Hilton in Qawra. The event, themed "Shaping Tomorrow's Tax Realities," brought together industry leaders, policymakers, and tax professionals to explore critical tax challenges impacting businesses today and in the future.

PwC Malta’s 5th edition of the Real Estate Survey, which was conducted towards the end of 2023, reveals that almost half of the respondents (Q4 2023: 49%; Q1 2023: 42%) indicate that they have plans to buy property.

Earlier this month, PwC Malta held its second edition of Tech Week comprising a series of technology-related events aimed at shedding light on the transformative power of Artificial Intelligence (AI) and the critical role of trust in this rapidly evolving landscape.

Following on from last year’s success, PwC Malta is pleased to announce the second edition of its annual Tech Week, taking place from 9 to 16 May 2024. This year’s event will focus on the transformative power of Artificial Intelligence (AI) and the critical role of trust in this rapidly evolving landscape.

PwC Malta has released its Economic Outlook for 2024, providing insights into global economic trends and projections for the coming fiscal years. The report highlights a forecasted slowdown in global growth for FY24, with a marginal pick-up anticipated in FY25. Key findings from the report indicate a decline in GDP growth rates across major economies such as the United States, Japan, Italy, and France. The euro area is expected to maintain relatively flat growth in FY24 followed by a modest increase to 1.5% projected for FY25, as interest rates begin to decline. Despite this overall trend, Malta continues to demonstrate robust economic growth, with a projected GDP growth of 4.4% in FY24, decelerating from 5.6% of the previous fiscal year. However, Malta's growth trajectory is expected to align more closely with the average growth of the euro area in the near future.

PwC Malta’s Academy is launching the second edition of its Comprehensive Environmental, Social and Corporate Governance (ESG) Programme starting in May 2024. With ESG rapidly gaining momentum and climbing to the top of the agenda of various organisations, it is crucial for businesses to upskill their teams in matters related to sustainability, particularly the fast evolving regulatory space. In doing so, they will be able to better understand and respond to some of the most pressing global challenges.

PwC Malta is one of the first businesses to endorse The Wales Malta Initiative, which has been exclusively selected by Wales Week Worldwide to be the representative for 'Wales Week Malta' going forward. 2024 will see the inaugural Wales Week Malta, to be held annually around the time of St. David's Day, Wales’ national day; with a raft of events and activities covering business, culture, education and sports, over a one-week period around March 1st.

The Malta Stock Exchange announces the GRC Summit 2024 from March 5 to 8, focusing on governance, risk, compliance, and ESG matters. PwC Malta is confirmed as the Diamond Sponsor, emphasizing their commitment to trust, transparency, and compliance. The collaboration positions the summit as a leading event in Europe for industry discussions.

PwC Malta is one of the first businesses to endorse The Wales Malta Initiative, which has been exclusively selected by Wales Week Worldwide to be the representative for 'Wales Week Malta' going forward. 2024 will see the inaugural Wales Week Malta, to be held annually around the time of St. David's Day, Wales’ national day; with a raft of events and activities covering business, culture, education and sports, over a one-week period around March 1st.

PwC Malta has appointed Michael Formosa, Chris Mifsud Bonnici, and Andrew Schembri as Partners in the Assurance, Tax, and Advisory service lines, effective from January 1, 2024. The newly appointed Partners bring extensive professional experience and expertise gained from involvement in local and international projects.

40% of workers have in some way, shape or form experienced bullying at their workplace. This was one of several findings from the first of its kind research study by bBrave, to determine the extent to which bullying is present in the workplace, as well as its causes and consequences. bBrave commissioned PwC Malta in order to support the execution of the study.