Real GDP growth is forecast to reach 4.9 per cent last year and is expected to moderate to 3.9 per cent this year and 3.4 per cent next year, according to the European Economic Forecast for winter.

The forecast says that the expected slowdown primarily reflected the planned completion of large-scale energy investment projects this year and the
expiration of the 2007-13 programming period of EU funding.

Private consumption is projected to become the main driver of growth over the forecast horizon.

General government deficit and debt, it said, were forecast to decline further also thanks to the favourable macroeconomic conditions.

Malta's forecast in full can be read in the pdf link below.