The Channel Islands are in a “stronger economic position” than the UK and are better placed for dealing with economic uncertainty, a new report has found.
EY’s ITEM Club winter forecast for the Channel Islands claimed that Jersey and Guernsey have navigated the economic consequences of the Covid-19 crisis in a way which compares favourably with other jurisdictions.
The report cited the fact that even after the fiscal cost of Covid-19, the Jersey government is forecast to have net assets in excess of 100 percent of Gross Value Added (GVA) – the main economic indicator that measures the size of the whole economy.<...
