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The economy is expected to shrink further this year as the Island continues to suffer through what some are saying is really a depression. Predicted further negative growth in 2013 means Bermuda is likely to endure a fifth year of recession. Economis...

Beer, wine and liquor seem to be selling better than ever in Bermuda despite the Island’s sluggish economy. According to the Government’s monthly Retail Sales Index, sales of liquor, along with food sales, drove retail sales 0.8 percent higher in Se...

Bermuda’s inflation rate fell below two percent in September for the first time since February 2010. The rate was down to 1.9 percent from 3.1 percent the month before. Still, year over year, the cost of good and services was higher — driven by a s...

Employment directly related to tourism increased 15 percent during 2011, according to Government statistics released yesterday. The Bermuda Tourism Satellite Account Report 2011 found that 4,199 people were employed in the sector last year, up from 3...

Bermuda suffered a third successive year of recession in 2011, according to data released yesterday by Government. Figures published by the Department of Statistics show that gross domestic product — the value of goods and services produced in Bermud...

One Bermuda Alliance Leader Craig Cannonier urged Government to call the election as he poured scorn on the ruling party’s claim that the economy is recovering. Meanwhile, the United Bermuda Party joined the official Opposition in a chorus of dismay ...

A Government programme designed to assist young people get the skills needed to hold down a full-time job was unveiled at a public meeting. The move comes only days after the release of a survey of the Island’s labour force, which found that 36 perce...

Ten thousand residents — or more than a quarter of the Bermuda workforce — are either unemployed or underemployed. That is the stark finding of a survey published by the Department of Statistics yesterday, which reveals more about the impact of busin...