Bermuda Economy Shows Resilient Growth

Bermuda’s economy’s showing surprising grit—growth for the second straight quarter, even as business registrations dip. Wages are up 6.5%, but fewer companies are registered, yet Minister Jason Hayward sees it as steady progress. Consumer spending ticked up slightly, fueled by services like travel and personal care, though big-ticket items and clothes saw less spending. Public admin, banking, real estate, and construction led employment gains, while hotels and restaurants also rose. With a healthy trade surplus and rising investment in infrastructure, the Minister’s upbeat: next moves focus on boosting entrepreneurship, fintech, and the digital economy. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/083483cd4ee8c3d5