Tag: Cayman Islands Economic Assessment and Stimulus Plan
Local economy could contract by over 12%
(CNS): The Cayman Islands’ economy could contract by as much as 12.2% this year, according to Finance and Economic Development Minister Roy McTaggart. The gloomy forecast for the country’s short-term economic fortunes was not unexpected, but with the reality of a 19% unemployment rate, government will now need to create public sector jobs and fund […]
Survey finds support for COVID-19 response
(CNS): An online survey on CNS found strong support for government’s handling of the current health crisis among the 3,400 readers who took part over the last two days, and most regard the curfews as “a necessary evil”. The respondents overwhelmingly said they had confidence in the chief medical officer (84%). However, when the same […]
No briefing as gov’t works on ‘new rules’
(CNS): What has become Cayman’s top daily show in recent weeks, the COVID-19 briefing, was cancelled Thursday as Cabinet worked on the new rules for the next curfew phase coming into effect Monday. Premier Alden McLaughlin is expected to announce a number of changes to the shelter-in-place order (the soft curfew) on Friday, but it […]
