The latest Global Trade Connections Report released by HSBC forecasts exponential growth in Malta’s trade during the next 14 years. The local economy rests on Malta’s role as a centre for international trading channels. The economy is consequently exposed to and fluctuates in time with global economic pressures.
The Report by HSBC forecasts that the global economy will ease contraction by 2014 and international business will recover stronger than previously expected. The Report list the growth of facilities to ease trade and the creation of new trade corridors to account for its prediction. It refers to the fast emerging markets around the world which are expected to seek out new the best trading partners to drive trade further.
As economies begin to settle down from the recent turbulence, the Report predicts that the Malta should experience a growth in trade of 86% by 2026. This will mean the total trade activity for Malta in that year will be of €40tn, compared to €21.5tn for 2012.
The latest Global Trade Connections Report released by HSBC forecasts exponential growth in Malta’s trade during the next 14 years. The local economy rests on Malta’s role as a centre for international trading channels. The economy is consequently exposed to and fluctuates in time with global economic pressures.
The Report by HSBC forecasts that the global economy will ease contraction by 2014 and international business will recover stronger than previously expected. The Report list the growth of facilities to ease trade and the creation of new trade corridors to account for its prediction. It refers to the fast emerging markets around the world which are expected to seek out new the best trading partners to drive trade further.
As economies begin to settle down from the recent turbulence, the Report predicts that the Malta should experience a growth in trade of 86% by 2026. This will mean the total trade activity for Malta in that year will be of €40tn, compared to €21.5tn for 2012.