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Cayman Islands not Immune to World Economic Downturn

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According to cayCompass.com, the first signs of the international financial crisis were beginning to hit home, as acknowledged by Kurt Tibbetts, Cayman Islands Leader of Government Business. 

Tibbets explained, "Here in the Cayman Islands we have already witnessed some reduction in the number of tourist visitors during this season," Mr. Tibbetts said. "We've also heard some businesses, both in the financial services and tourism sectors laying off both locals and foreign workers, or choosing not to renew work permits when they expire."

Read the entire article at cayCompass and how the downturn affects immigrants to the Cayman Islands.

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