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Economy grew in Q3 2015

The Cayman Islands government reports the national economy grew at an annualized growth rate of 1.6% during the 3rd Quarter of 2015. The comprehensive report from the Economics and Statistics Office says there were upbeat growth rates in financing and insurance services, real estate, utilities, and agriculture and fishing.

The Consumer Price Index, meanwhile, fell 2.3% as lower price indices were seen in housing, utilities, restaurants, hotels and transport.

Work permits during the July to September period rose 10.0% compared to the same period in 2014, with 22,215 on file.

About the author

Patrick Kreitlow

Patrick Kreitlow

Pat Kreitlow joined the Cayman 27 staff in October 2015. For nearly a decade, Pat was a familiar presence in living rooms across western Wisconsin where he was a reporter and nightly news anchor at WEAU-TV. He later served his neighbors as a state senator. When he and his wife Sharry became “empty nesters,” they moved to Grand Cayman in early 2014. They have two daughters and two grandsons.

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