The prime minister has important things to be getting on with. He should do so.

Published: August 8, 2013 at 3:20pm

trade

The National Office of Statistics reports that there was a sharp decline in Malta’s imports and exports last June when compared to June 2012.

That’s not an encouraging sign.

I’m not saying is the Labour government’s fault. I’m saying something else entirely: that the Labour government is now fully responsible for dealing with the situation and had better get its act together, which the worrying evidence indicates it is incapable of doing even if it wants to.




19 Comments Comment

  1. Ghoxrin Punt says:

    It is Labour’s fault. If nothing else purely because over the last 5 months they have done nothing to instigate growth.

    Quite the opposite in fact. With their gifting out taxpayers money to their own, they have now found themselves unable to start any new projects as they are short of funds.

    Remember people, Muscat thinks that the country works on its own and that the government does not contribute to the continued growth of a country.

    Muscat does not realised that all those projects started by Gonzi were a substantial contributor to the wealth of the Island. That the circulation of taxpayers money and EU funds into the economy, through these projects, where what contributed to the average person earning a decent living, which in turn allowed them to have sufficient money in their pockets to buy things, thereby creating more employment, more profits for businesses and therefore more tax collection to fill the cofers.

    It is a chain, once one link is broken, the rest will not function. Over the alst 5 months we have seen this break in the chain, hence the problems surfacing.

    It therefore is Labour’s fault. the question now is, what are they going to do about it? Dig their head in the sand just as Sant did?

  2. Paddling Duck says:

    It didn’t help much by not allowing sub contracting in government contracts, considering that SMEs employ a sizeable chunk of the Maltese population.

  3. canon says:

    We have signs that the economy is weakening further and Joseph Muscat is pretending not to see them.

    • La Redoute says:

      Joseph Muscat has delegated running the country to his deputy Louis Grech. It’s a bit like a take-out pizza service. Joseph orders, Louis delivers.

    • Dez says:

      It is more like he sees it but doesn’t have a solution. This is the issue which should see people in a ‘panic mode’ not the irregular migrant’s issue.

  4. Corvo Attano says:

    You wait and see when they spoil the online gambling industry, which is already actively complaining about the government.

    • P Shaw says:

      After the two immigration fiascos, Muscat must feel so empowered, that he thinks he can oblige the EU partners not to retaliate and address the loopholes that enable e-gambling to flourish in Malta

  5. Jozef says:

    For the first time in years employment figures registered a dip across all sectors.

    July will be interesting.

    • ciccio says:

      “For the first time in years employment figures registered a dip across all sectors. ”

      False. Since March 2013, there has been an increase in employment in the Cabinet, and on government boards, commissions, agencies, conventions, ministerial secretariats, …

      • Catsrbest says:

        Despite all those increases in the Cabinet employment, unemployment soared drastically – the latest figure by 600.

  6. Stella says:

    Where is that roadmap for work opportunities? Now let’s wait for October and see where all the graduates are going to find a full time employment.

  7. John Borg says:

    Let’s see how PBS news will try and twist this and shift the blame…

  8. mox says:

    Do you still watch PBS news? I don’t.

  9. Chris Ripard says:

    The paucity of up-to-standard politicians in this country is amply demonstrated thus: PN governments did – at least – try to upgrade the infrastructure vide Freeport, airport, new hospital, new oncology centre, a power station, terminals at Cirkewwa/Mgarr.

    But their overruns were legendary in terms of finance and quite simply off-the-scale in terms of sticking to deadlines. The only exception was telecommunications – God bless you, Pierre Muscat.

    Even more incredibly, Labour governments never built anything. They just bought others’ scrap. Our forthcoming power station will be Labour’s first-ever attempt at a new infrastructural project.

  10. Rumplestiltskin says:

    It’s just like a cartoon I once saw: A bus-chasing dog actually caught one. The caption was “What now?”

  11. denis says:

    A sharp drop in importation of lubricants…wonder why?

  12. P Shaw says:

    It-tifel has a roadmap… to fix the statistics compiled by the NSO.

    In fact, Minister Scicluna has already issued a ‘threat’ to the NSO, in the sense that he wants the modalities (sort of formulae) of calculating the GDP to change for obvious reasons.

    Just in case the new ‘formulae’ does not lead to the desired GDP growth (i.e. the one promised during the election campaign), Albert Leone Ganado as the perfect lackey will make sure that the NSO finds a way to calculate the GDP growth number that the government asks for.

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