Malta Tops List for Economic Recovery Spending Package

May 8, 2020

BBC reported that a study carried out by Columbia University economics professor Ceyhun Elgin shows that Malta is the most aggressive country worldwide in the economic fight against Covid-19 effects on the economy.

Malta is assisting businesses in various ways, like wage subsidies to reduce job losses, loan guarantees, subsidised interest rates and loan moratoria, amongst others. 

The Maltese package amounts to 22.5% of its GDP, and is followed by Japan (21%), USA (14%), Germany (11%) and France (9%).