Topic: gross domestic product
G20 GDP drops 0.4% in the second quarter
Gross domestic product in the G20 area fell 0.4% quarter-on-quarter in the second quarter of 2022 after rising 0.5% in the first three months, according to provisional estimates.
Halt to tourism weighed on Cayman economy, despite strong construction and finance sectors
Despite a booming construction sector and a solid performance of the key financial services industry, Cayman’s economic recovery was hampered by border closures and further declines in the hospitality sector during the first six months of 2021.
Economy shrank by 8.2% in first three quarters of 2020
Economic activity in the Cayman Islands is estimated to have contracted by 8.2% in the first nine months of 2020, when measured as the gross domestic product in real terms.
