Cayman facing expat exodus in wake of covid-19

The Cayman Islands is facing an unprecedented exodus, as covid-19 induced layoffs coupled with the shutdown of the tourism industry are combining to cause many of the jurisdiction's residents to leave. Almost half the 68,000 population of Cayman is expatriate, with many working in the financial services and tourism industries.  Last week Premier Alden McLaughlin warned the British Overseas Territory could be "at least three to four months." A minimum 11,000 of the total 31,000 expats on the islands are estimated to be already preparing to leave, having lost their jobs.  McLaughlin ...