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BUSINESSTODAY 19 December 2019

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€1.50 PAGE 6-7 PAGE 5 FDA targets e-cigs that hook teens but don't help smokers quit Over 160,000 passengers expected at MIA over holidays THURSDAY 19 DECEMBER 2019 • ISSUE 39 WWW.BUSINESSTODAY.COM.MT Brexit's impact on Maltese economy will be contained, even in worst-case scenario MASSIMO COSTA THE negative effects on Malta of Brit- ain's departure from the EU will be well-controlled, even in the event of a no-deal Brexit, a Central Bank of Malta study has found e study, which formed part of the Bank's 2019-2022 economic projections, published on Monday, found that Brex- it could reduce Malta's baseline GDP by -0.19% to -0.39% between 2019 and 2021. e findings were based on two possi- ble Brexit scenarios analysed by the Bank, and indicate a lower impact than that predicted by a previous study conducted in 2017, which had predicted that Brexit could reduce Maltese GDP by -0.5%. PAGE 3 Joseph Muscat gets massive thumbs down in European Parliament PAGE 2 Looking ahead with trepidation - Editorial PAGE 9 CENTRAL BANK 2019-2022 ECONOMIC PROJECTIONS

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