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Bermuda’s annual inflation rate remained negative for the fourth consecutive month in October at -0.2 per cent. In July 2020, the island recorded its first negative inflation rate since 1965. Consumers paid 0.2 per cent less for a basket of goods and...

Hamilton has topped the latest global cost of living index. The city is number one on a list compiled by Numbeo.com, which compared the cost of living of 600 cities around the world against the cost of living in New York City. After Hamilton, the nex...

The Premier highlighted Bermuda’s effort to develop into a fintech hub in an interview with Bloomberg at the weekend. David Burt said attracting international businesses was a key component of Bermuda’s economic recovery programme in the wake of the ...

Retail sales volume increased 5.9 per cent in September, when adjusted for the rate of inflation. It was the third consecutive month of rising sales by volume and value. Overseas online purchases increased substantially. In value terms, imports via c...

Bermuda faces a “fiscal cliff” if its debt-to-revenue ratio, currently at 340 per cent, continues to rise. An adverse but “far from inconceivable” scenario would see Government debt on an unsustainable trajectory, leading to a credit rating downgrade...

The Construction Association of Bermuda is “encouraged” by Government’s $13.4 million short-term economic stimulus programme but says it has missed an opportunity to support training in the trades, the organisation’s president said yesterday. Simon T...

Bermuda’s annual inflation rate remained negative for a third consecutive month in September. The rate was -0.7, the same as reported in August. In July the island recorded its first negative inflation rate since 1965. Consumers paid 0.7 per cent les...

Retail sales jumped 9.2 per cent in volume in August, after adjusting for retail inflation of 0.7 per cent that month. In value terms, retail sales increased year-over-year was about $9 million, or 10.1 per cent. Apparel stores reported a 28.4 per c...

There is a risk that the impact on Bermuda’s economy from the Covid-19 pandemic may be more severe and longer lasting than currently anticipated. That warning comes even as the projected fall in the island’s gross domestic product this year has been ...

On-island shopping habits have changed as a result of the Covid-19 pandemic, and in some ways it is having a positive impact. “People are travelling less, so there is a chance they will do more shopping online. But also, because they are travelling l...