Maltese are in a better mood over economy

The Maltese have become more positive about the island’s economy although they express serious concern about the rising cost of living, according to an EU survey.

The majority thought the island was doing better in job creation

Compared to an identical poll conducted in November 2011, the national outlook is more positive not only about the economy but about public finances, job prospects and households’ financial situation.

The Spring Eurobarometer survey, conducted by Misco last May among a sample of 500 respondents, found that 41 per cent thought the economy was getting better, a seven per cent rise since November 2011.

Still, the majority continue to be pessimistic, with 53 per cent saying it is still not performing well.

Asked to compare Malta’s economic performance with the EU average, 53 per cent of Maltese respondents viewed it as being better – a 17 per cent jump over November. The number of those who be­lieve the island’s economy is faring worse fell by 16 per cent to 32 per cent.

This greater positivity emerges across the board. The Maltese were more positive about their job situation (57 per cent or two per cent more than in November 2011); their family’s financial situation (64 per cent, which was five per cent higher); and employment prospects (40 per cent, also a five per cent rise).

The majority also thought Malta was doing better in job creation and the general quality of life.

However, 71 per cent said Malta was not faring well in terms of cost of living, which was cited as the most pressing personal issue by 65 per cent of respondents.

Politicians also fared badly, as only 26 per cent of respondents trusted political parties, with 64 per cent saying they did not trust them.

Some 56 per cent also said they had no faith in Parliament.

On the other hand, 45 per cent of the Maltese trusted the EU against 40 per cent who were more suspicious.