A report into threats to Bermuda's economy has yet to be released three months after its initial completion date.

The Bermuda First Report was first announced in April and the group was tasked to find strategies to stave off looming economic threats. The report was due to be made public by the end of May.

The 80-member strong team, which included heads of industries and politicians, planned to look at a variety of issues including: US and European hostility to tax havens, the decline in tourism, the forecast decline in construction, high housing costs and immigration.

The report was led by ArielRe founder and CEO Don Kramer and a risk and opportunity study was completed by McKinsey & Company; the company is described as the world's oldest and largest management and consulting firm.

When it was announced Premier Ewart Brown, who is co-chair of Bermuda First, said: "It is our fundamental duty to ensure we leave the Bermudian economy stronger and more robust than we found it.

"That will be a true test in these nearly unprecedented testing times. But with the brain power now focused on putting Bermuda First I have great faith. My confidence in our economic future is strong."

He said Bermuda First was an non-partisan economic effort to show the Bermudian public that "we are not only minding the store, but working to do whatever is necessary to ensure the store is successful for a long time to come".

Mr. Kramer did not respond to several requests for comment on the progress of the report. Dr. Brown's press secretary referred The Royal Gazette to another senior member of the group who also did not respond to a request for information.

Opposition Leader Kim Swan, who is also a co-chair of the report, also did not respond to a request for an update.