September 16,2019
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Home / News / The Cayman Islands’ Economy Grew 1.2 Percent For The First Half of 2012

The Cayman Islands’ Economy Grew 1.2 Percent For The First Half of 2012

"The Cayman Islands’ economy grew by 1.2 percent in the first six months of the 2012 as compared to the 1.3 percent recorded a year earlier."

The Cayman Islands’ economy grew by 1.2 percent in the first six months of the 2012 as compared to the 1.3 percent recorded a year earlier.

The increase in GDP primarily reflected the positive, yet small, contributions of construction, transport, storage and communication, hotels & restaurants and bars, and manufacturing that were partly offset by negative contribution of the utility sector.

The Honourable Premier and Minister for Finance, Mr McKeeva Bush stated, ⫿The economy continued to post moderate growth amidst lacklustre demand for financial services and the government’s commitment to responsible fiscal governance. Although, these are challenging times, the 2012/2013 Budget is focused on supporting wide-ranging stimulus measures to give all businesses the best chance of succeeding.??