BBC on Nostr: Guernsey's shrinking economy down to finance sector decline ========== Guernsey's ...
Guernsey's shrinking economy down to finance sector decline
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Guernsey's economy shrunk 2% in real terms in 2023; Richard Hemans, economic lead for the Institute of Directors, attributes the decline to a 3% drop in the finance sector; Guernsey's GDP is 0.6% larger than in 2019, while Jersey's GDP rose by 5%; positive growth noted in insurance (17%) and funds (8%); finance sector constitutes 40% of the economy; States facing a potential £24m deficit; Hemans emphasizes the need for pro-growth policies and investment in the finance sector.
#Guernsey #Economy #Finance #Gdp #InstituteOfDirectors #RichardHemans #Jersey #Deficit #Growth #Insurance
https://www.bbc.com/news/articles/c206n7xg7pqo
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Guernsey's economy shrunk 2% in real terms in 2023; Richard Hemans, economic lead for the Institute of Directors, attributes the decline to a 3% drop in the finance sector; Guernsey's GDP is 0.6% larger than in 2019, while Jersey's GDP rose by 5%; positive growth noted in insurance (17%) and funds (8%); finance sector constitutes 40% of the economy; States facing a potential £24m deficit; Hemans emphasizes the need for pro-growth policies and investment in the finance sector.
#Guernsey #Economy #Finance #Gdp #InstituteOfDirectors #RichardHemans #Jersey #Deficit #Growth #Insurance
https://www.bbc.com/news/articles/c206n7xg7pqo