Macro - Country Economic Forecasts - Cayman Islands

Macro - Country Economic Forecasts - Cayman Islands

We expect the Cayman Islands' GDP growth will slow to 0.9% in 2023, slightly lower than our previous forecast of 1.1% and slower than the 2.8% expansion in 2022. Rising global interest rates continue to put downward pressure on growth. Despite an above-average hurricane season in 2023 with three major hurricanes, the island economy is likely to have already experienced the worst of the poor weather without significant economic impact.

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