Cayman Islands
Total report count: 1
Total report count: 1
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The Cayman Islands benefit from political stability, but their position as a secretive financial offshore centre raises incidences of corruption. Tourism is the main economic activity, which has been negatively impacted by the pandemic yet aided economic recovery leading to overperformance versus peers. A wealthy population will support consumption, but large exposure to expatriates could lead to volatile migration flows. Internet use is high and rising, as are mobile subscribers.
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