Comments on: GDP Increase Recorded In 2015 Second Quarter

By: Zevon

Zevon — Wed, 11 Nov 2015 22:51:03 +0000

A recession that lasted 8 years here vs one year everywhere else.

By: jt

jt — Wed, 11 Nov 2015 20:22:27 +0000

Of course there was/is a recession. Stop being a dummy. The depth and length of a recession have many factors. In our case both the depth and length were compounded by the PLP.

By: SMH

SMH — Tue, 10 Nov 2015 19:14:52 +0000

Every village has one…ours is named rhona.

By: Cup Of Tea Anyone?

Cup Of Tea Anyone? — Tue, 10 Nov 2015 17:18:15 +0000

Rhonda, you are a real waste of Oxygen.

i mean, seriously.

smh

toodles

By: Lois Frederick

Lois Frederick — Tue, 10 Nov 2015 16:02:29 +0000

The plp compounded the situation. Our debt and deficit are the direct result of bad decisions by the plp. Bermuda is only reaping what was sowed. At least now Bermuda stands a chance of recovery. The alternative sinks the ship.

By: rhonda

rhonda — Tue, 10 Nov 2015 13:23:43 +0000

I said this under the PLP and I remain steadfast under the UBP renamed OBA, that these reports needs to be captured and produces independent of government…

By: Coffee

Coffee — Tue, 10 Nov 2015 10:47:06 +0000

It took over four years for ONE DIEHARD OBA SUPPORTER TO ACKNOWLEDGE THAT A RECESSION INDEED WAS THE PRIMARY REASON FOR THE ECONOMIC DOWNTURN IN BERMUDA …. WELL DONE !

By: Lois Frederick

Lois Frederick — Tue, 10 Nov 2015 01:12:15 +0000

C’mon, you know that job creation trails a rise in GDP, don’t you? Can take as much as 2 years for an economy coming out of recession to grow new jobs. OBA is fixing the problem. They certainly didn’t cause the problem. With big construction projects lined up for 2016, Bermuda can expect unemployment rates to drop. With the injection of significant new money on the island, we can expect our GDP to continue to grow and for Bermuda’s economic fortunes to improve. That’s what the average Bermudian wants. Isn’t that what you want too?

By: Build a Better Bermuda

Build a Better Bermuda — Tue, 10 Nov 2015 00:33:53 +0000

Total of 166 jobs posted on Bermuda Job Board

By: jt

jt — Mon, 09 Nov 2015 23:16:43 +0000

And those countries were achieving that while we remained in free fall and before the OBA took over. There were no signs of recovery here prior to the last election. Zero.

By: jt

jt — Mon, 09 Nov 2015 21:49:47 +0000

You’re describing the noise the engine is making, not what’s causing it. The engine has been checked but nobody’s brave enough to remove the excess parts.

By: hmmm

hmmm — Mon, 09 Nov 2015 21:36:37 +0000

You want slow and steady growth, not PLP BOOM and BUST BUST BUST BUST.

By: Lois Frederick

Lois Frederick — Mon, 09 Nov 2015 21:35:12 +0000

Can’t deny the positive trend though, right? Don’t try and pretend this is no improvement over the negative gdp Bermuda has endured for years. It will never be a smooth growth, as anywhere it will be choppy initially as different sectors react. I like the overall trend and it bodes well for Bermuda as a whole.

By: Coffee

Coffee — Mon, 09 Nov 2015 21:25:39 +0000

Stop your noise … Still many unemployed and yet to be unemployed in Bermuda , thirty five months under the OBA and a average of at least thirty five more people put on the unemployment list each month. While other countries GDP has risen much , much faster and so much more robust , they’ve reduced unemployment , unfortunately , under this kippers and cream government the unemployment rates continues to rise unabated … Fact !

So now isn’t the time to blow any rusty horns , get a dog whistle instead !

By: planeasday

planeasday — Mon, 09 Nov 2015 17:09:06 +0000

There are many ways to manipulate gdp numbers – look to GB and the USA as laughable examples. I would not buy stock in these meaningless numbers…even though they are somewhat positive…

By: Reality Check

Reality Check — Mon, 09 Nov 2015 16:00:45 +0000

The trumpet blast says that GDP has risen.

But look ‘under the hood’.

The trumpet blast says ‘Household expenditure increased 1.5%’. Looking under the hood shows that after adjusting for inflation, household consumption rose 0.6%. That’s hardly a significant move.

Truth? Price increases in the items purchased by households are the driver for that trumpeted rise.

“Government consumption advanced 3.0% … with increased outlays on administration. After adjusting for inflation, government consumption increased 2.3%”.

With a deficit running at $220.0 million for this year and $299.9 million for last year, looking under the hood tells us that ‘borrowed money’ is fueling this ‘government consumption’. According to Larry Burchall, out of every dollar that Government spends, Government is currently borrowing $0.30. Which is why the deficits sit so high.

A GDP rise fuelled by small price increases and borrowed money is not good. Not good at all.

Look under the hood people. Look under the hood.

By: Raymond Ray

Raymond Ray — Mon, 09 Nov 2015 15:07:23 +0000

I can’t hear “you” I also want to thank once again the change in our Government…

By: Bermyman

Bermyman — Mon, 09 Nov 2015 14:42:49 +0000

PLP DON’T WANT TO HEAR IT!

By: Terry

Terry — Mon, 09 Nov 2015 13:07:07 +0000

Great.