Story perspectives

Bermuda's Economic Outlook: Aging Population and Job Risks

11/25/2025

Summary

Story summary

Nathan Kowalski, economist, outlined Bermuda's challenging economic outlook at the Association of Bermuda International Companies' annual meeting.
He cited Bermuda’s shrinking and aging population, a housing shortage, and international business comprising over 40% of employment income.
He said the corporate income tax could help reduce national debt and strengthen the economy.
Without workforce growth, Bermuda would rely on productivity gains, risking fewer job opportunities, and AI could affect job retention.

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Story summary

Nathan Kowalski, economist, outlined Bermuda's challenging economic outlook at the Association of Bermuda International Companies' annual meeting.
He cited Bermuda’s shrinking and aging population, a housing shortage, and international business comprising over 40% of employment income.
He said the corporate income tax could help reduce national debt and strengthen the economy.
Without workforce growth, Bermuda would rely on productivity gains, risking fewer job opportunities, and AI could affect job retention.