The Monetary Policy Advisory Council (MPAC) of the central bank of Malta (CBM) said that though economic output increased in the third quarter, economic growth in 2003 would still be dependent on international economic conditions, Maltamedia reported last week. The council also sounded the alarm over the expanding trend in the government's fiscal stance. The council included the comment in its review of domestic economic conditions last Thursday ahead of a decision by Governor Michael C Bonello ...


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