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EIU

Cayman Islands - Economist Intelligence Unit - The Economist

OVERVIEW: A referendum on the proposals pertaining to constitutional reform has been delayed. The Economics and Statistics Office says real GDP growth slowed to 2.2% in 2007, from 4.6% in 2006. Considering the ongoing global economic slowdown and rising domestic inflation, the ESO projects a further easing in GDP growth in 2008, to 1.5%. Higher global fuel and food prices pushed 12-month consumer price inflation up to 5.5% in the second quarter of 2008.

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