Macro - Country Economic Forecasts - Cayman Islands

Macro - Country Economic Forecasts - Cayman Islands

We expect the Cayman Islands' GDP growth to slow to 1.1% in 2023, slightly up from 0.8% we envisaged in the last forecast, but still slowing compared with the 2.8% expansion in 2022. Rising global interest rates are putting downward pressure on growth. The hurricane season starting in June could be more disruptive than last year, according to weather forecasters.