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The Island’s economy is now top of voter concerns, a survey shows, with three quarters of residents also saying they are cutting back on their Christmas spending for this year. The poll, conducted by Mindmaps on behalf of The Royal Gazette, shows mor...

Bermuda’s future lies in establishing itself as a Mid-Atlantic Financial Centre. This means that Bermuda and Bermudians must forever abandon the idea of reviving tourism to the state and status that tourism occupied between 1920 and 1990. Following i...

“Demographics is the single most important factor that nobody pays attention to.” - Peter Drucker Estimating a country's Gross Domestic Product (GDP) in the short term can be difficult and is subject to many shifting and interrelated forces. Numerous...

The aim of the Regeneration of Bermuda's Economy project is to provide suggestions from all sectors of the community that will benefit Bermuda on a long-term basis, can be implemented quickly and are of no cost to Government. Over the past couple of...

There is a myth that all Bermuda's economic troubles are the result of problems with the global economy. It is illustrated in the saying “when the US sneezes, Bermuda gets a cold”. This myth is reinforced by the Government. In the recent Throne Speec...

Longer-term challenges including a stagnant housing market and US government budget cutbacks will restrain economic growth over the next year. That is the view of Ryan Wang, a US economist at HSBC based in New York, who was visiting the Island this w...

Normally a near two-percent contraction in the economy would be unwelcome news. But the fact the Gross Domestic Product for 2010 was projected to have declined by as much as five percent means that the figures released last week are grounds for relie...

Wheels Cycles has laid off three employees and is closing down its Front Street location because of a “substantial” drop off in business. One of the staff members who was let go had worked for Wheels for 16 years, and was past retirement age. The oth...