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A string of events designed to brighten up the festive season were announced today by the City of Hamilton, despite Covid-19 restrictions. A spokeswoman for the City said the celebrations had been adapted to comply with health regulations. The public...

A broad measure of Bermuda’s economic activity contracted in the first quarter of this year, primarily from the impact of the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s economy, fell year-on-y...

Joe Biden has argued that President Donald Trump didn't so much build a strong economy as inherit one. It's good line, but it ignores the successes, at least before the pandemic, of Trump's unconventional policy. If Biden is elected president, he sho...

Bermuda’s inflation rate turned negative for the first time in 55 years in July. The annual rate was -1.4 per cent, which means consumers paid 1.4 per cent less for a basket of goods and services included in the Consumer Price Index in July than they...

Thanks to new statistics, it is possible to better gauge just how damaging the Covid-19 lockdown was to the economy and what the prospects for economic recovery are. Overall, the damage done was very high, but it was also varied. Tourism and related ...

Bermuda’s tourism sector will recover nearly fully from the impact of the Covid-19 pandemic by 2023, a tourism economist said yesterday at the opening session of the Bermuda Tourism Summit. Adam Sacks said tourism in Bermuda will operate at 20 per ce...

Employment income plunged by more than $113 million during the second quarter as restrictions to curb the spread of Covid-19 sparked a wave of layoffs and reduced hours. Data released by the Department of Statistics offer a glimpse into the economic ...

Global activity as measured by home sales, industrial production and aggregate employment levels showed further signs of improvement over the third quarter. Near-term sequential progress continued to rise as coronavirus-related restrictions on routi...

Retail sales volume in May was down 15 per cent year-on-year. The drop largely reflected the impact of Covid-19 safety restrictions that month, which included curfew hours and kerbside pick up sales for some businesses. In value terms, retail sales f...

A reduction in taxation levels is needed if the economy is to recover, the leader of the island’s newest political force said this week. Marc Bean, of the Free Democratic Movement, said his party’s action plan for kick-starting the economy included t...

A One Bermuda Alliance government would remove the sugar tax and help to develop sectors that are particularly attractive to younger people, the party said today. Patricia Gordon-Pamplin, its finance spokeswoman, added that the OBA’s economic framewo...

Victory in the battle against Covid-19 is vital if the already battered economy is to recover from the pandemic’s financial impact, an economist said yesterday. Craig Simmons, a senior economics lecturer at Bermuda College, added that control of the ...