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Country Report Bermuda 4th Quarter Product Image

Country Report Bermuda 4th Quarter

  • Published: October 2013
  • Region: Bermuda
  • 21 Pages
  • The Economist Intelligence Unit

The centre-right One Bermuda Alliance (OBA) holds only a slim legislative majority, but The Economist Intelligence Unit expects it to serve out a full five-year term under the premier, Craig Cannonier.

Cuts in the public wage bill (around one-half of all government outlays) are expected to reduce spending by 0.5% of GDP in fiscal years 2013/14 and 2014/15. Policy will also focus on tax incentives to stimulate growth.

Higher debt-service costs will weigh on the public finances in 2014-15 and beyond. The sovereign's debt rating will come under growing pressure unless a regime to cut deficits and end public debt growth is adopted.

Country Report Bermuda 4th Quarter

Summary
Outlook for 2014-15
Review

Basic data
Land area
Population
Main towns
Climate
Weather in Hamilton (altitude 46 metres)
Language
Measures
Currency
Time
Public holidays

Political structure
Official name
Form of state
Head of state
The executive
Legislature
Legal system
Elections
Government
Main political organisations
Main members of cabinet
Key ministers
Chair of the Bermuda Monetary Authority

Economic structure: Annual indicators

Economic structure: Quarterly indicators

Outlook for 2014-15: Political stability

Outlook for 2014-15: Election watch

Outlook for 2014-15: International relations

Outlook for 2014-15: Policy trends

Outlook for 2014-15: Fiscal policy

Outlook for 2014-15: International assumptions

Outlook for 2014-15: Economic growth

Outlook for 2014-15: Inflation

Outlook for 2014-15: Exchange rates

Outlook for 2014-15: External sector

Outlook for 2014-15: Forecast summary

Note: Product cover images may vary from those shown

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