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Country Report Bermuda 4th Quarter

  • ID: 2138784
  • Country Profile
  • October 2016
  • Region: Bermuda
  • 21 Pages
  • The Economist Intelligence Unit
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The centre-right One Bermuda Alliance (OBA) holds only a bare legislative majority after the defection of one of its lawmakers in July. This increases the risk that it could lose its majority when elections are held in 2017.

Tax measures and limits to spending growth will curb the fiscal deficit in 2017-18, but higher debt-service and pensions costs make a planned elimination of the deficit within three years unlikely.

The sovereign's credit rating will come under pressure if fiscal consolidation does not improve the fiscal balance and debt ratios, but Bermuda is unlikely to lose its investment-grade standing.
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Country Report Bermuda 4th Quarter

Summary
Outlook for 2017-18
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
CEO of the Bermuda Monetary Authority

Economic structure: Annual indicators

Economic structure: Quarterly indicators

Outlook for 2017-18: Political stability

Outlook for 2017-18: Election watch

Outlook for 2017-18: International relations

Outlook for 2017-18: Policy trends

Outlook for 2017-18: Fiscal policy

Economic forecast: International assumptions

Economic forecast: Economic growth

Economic forecast: Inflation

Economic forecast: Exchange rates

Economic forecast: External sector

Economic forecast: Forecast summary
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