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Economy / Cayman Islands

Bleak Growth Outlook Remains

March 2012 | Economic Analysis

BMI View: As we expect the Cayman Islands' main growth drivers to remain weak in the coming years, we see little scope for economic growth to return to pre-2008 levels. Recent data from the islands' economics and statistics office reinforce our expectation that the economy expanded by 1% in 2011, and we reiterate our modest 2012 and 2013 headline growth forecast of 1.5% and 2.0% respectively.

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