Category Archives: Economics

2015 should be a better year for Bermuda

There’s a definite mood of optimism in Bermuda as 2015 opens. Jonathan Kent of The Royal Gazette gives five reasons why in this lookahead. Advertisements

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Smart politics or a blink?

The Bermuda Government is putting its privatization bill on hold after getting an agreement with the union to find 5% of cuts in next year’s budget. Based on this year’s budget projections, that would amount of $60m in cuts and … Continue reading

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This week’s hurricane

Random thoughts on Hurricane #Gonzalo: As has been stated everywhere, Tropical Storm Fay was a blessing in disguise because it cleared so much heavy vegetation out before onslaught of Gonzalo, and made people more nervous about Gonzalo than they might have … Continue reading

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Sluggish tourism

The Bermuda Tourism Authority released its second quarter arrival statistics last week, which gave some indication of the health, or lack thereof, of Bermuda’s second economic pillar. Tourism continues to attract a greater amount of attention in Bermuda than its … Continue reading

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Turning around the economy

As he promised, former Bermuda resident Kevin Comeau has written a second part to his series on the causes of the Bermuda recession and why international companies have left or reduced jobs here. He says that, in one of those … Continue reading

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The cause of the Bermuda recession

Former Bermuda resident Kevin Comeau has a good piece here on “the cause of Bermuda’s economic collapse” which makes a strong case for the fact that the loss of jobs in international business was the main contributing factor. On the face … Continue reading

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ABIR’s big contribution

1,516 employees in Bermuda. $886.8 million spent in Bermuda. Those are the two standout numbers form the Association of Bermuda Insurers and Reinsurers’ annual report, and there’s good news and not so good news associated with them. The good news is … Continue reading

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Pension problems

The Progressive Labour Party seems to be getting some traction with its populist approach to Opposition – essentially hammering away at the idea that “rich” businesses are getting all the breaks from the OBA while “poor” individuals are getting the … Continue reading

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