https://bernews.com/2019/11/2019-second-quarter-gross-domestic-product/ Bermuda's #1 source for 24/7 breaking news, photos & videos Tue, 14 Apr 2026 15:09:26 +0000 hourly 1 http://wordpress.org/?v=3.7.5 https://bernews.com/2019/11/2019-second-quarter-gross-domestic-product/#comment-5155331 Wed, 06 Nov 2019 20:08:09 +0000 http://bernews.com/?p=929592#comment-5155331 What is alarming is that growth in Government salaries and wages increased 4.2% in the Qtr (and has increased significantly since 2018 Q2) while household consumption has dropped. Continuing on this path will require taxes to be raised on a diminishing private sector, or increase in debt, or both, to pay for the insatiable appetite of a bloated Government.

]]> https://bernews.com/2019/11/2019-second-quarter-gross-domestic-product/#comment-5155316 Wed, 06 Nov 2019 19:43:34 +0000 http://bernews.com/?p=929592#comment-5155316 The table shows a big increase in Govt consumption – salaries.

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