Economic growth in the Cayman Islands will tick upwards as the economy benefits from steady tourism sector growth. That said, while stronger US visitor arrivals will offer a boost to headline GDP, we expect slower financial services sector activity will keep growth below the levels seen during the pre-financial crisis period. ...Economic growth in the Cayman Islands will tick upwards as the economy benefits from steady tourism sector growth. That said, while stronger US visitor arrivals will offer a boost to headline GDP, we expect slower financial services sector activity will keep growth below the levels seen during the pre-financial crisis period. Inflation in the Cayman Islands will rise only gradually over the next decade as an uptick in domestic demand and rising oil prices spur price growth. ...The political environment in the Cayman Islands will remain broadly stable over the next decade as high standards of living bolster social stability. While short-term policy making processes will be weakened by increasing division within the legislature, we expect continuity in government policy over the next decade.
...The Cayman Islands tourism sector is set for significant growth over the next -- years. The country is heavily reliant on the US as source of tourist arrivals with US visitors constituting --.- of total visitor arrivals in ----. ...The country is heavily reliant on the US as source of tourist arrivals with US visitors constituting --.- of total visitor arrivals in ----. In the coming two-to-three years, the island will receive a steadily increasing inflow of visitors from the US as continued tightening in the US labour market raises citizens wages, therefore, bolstering their disposable incomes and boosting consumer confidence. Over a multiyear time horizon, the Cayman Island s invest- ment into the tourism sector will also act as a draw for visitors. Recent efforts to expand the island s health tourism include the ---- completion of a high standard hospital and assisted living complex called Health City , and will help to diversify the arrivals growth. Efforts to bolster visitor numbers will be further supported by government investment into ports and tourism-related infrastructure, increasing the country s ability to accommodate an increased number of arrivals � both in the health tourism and leisure oriented segments � in the years ahead.
...
