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Expat exodus helped protect Cayman from COVID fall-out
Work permit numbers drop by almost 5,000
With double-digit unemployment in parts of the US and Europe, Cayman, despite the total shut down of its tourism industry, has come through the plague year of 2020 in comparatively good shape. Though there have been significant job losses, the majority of those have impacted the expat population. Economists, industry leaders and politicians are looking to 2021 with a sense of cautious optimism.
When waiter James Elchico boarded an emergency evacuation flight from Cayman to Manila in May, it was with a sense of relief.
He had lost his job weeks earlier as restaurants closed and the country locked down to prevent the spread of COVID-19.
Government Wraps Up Successful Experience Cayman: Shop Local Campaign 22 December 2020, 02:09 PM
Politics & Government
PRESS RELEASE - George Town, Grand Cayman, Tuesday, 22 December 2020: Experience Cayman, the Cayman Islands’ first online festival, closed its virtual gates last weekend, after highlighting more than 100 local businesses and entrepreneurs, across a diverse set of industries and in all three islands, over the last three months.
Hosted by the Ministry of Commerce, Planning and Infrastructure, Experience Cayman provided a platform for local businesses, struggling with the knock-on effects of the coronavirus pandemic, to promote their services and offerings to Cayman Islands residents.
The virtual festival and supporting campaign were free for companies to take part in and featured long-established business, like Foster’s supermarket, the Cayman Turtle Centre and Camana Bay, as well