A new international review of 20 islands’ resilience provides crucial lessons for Guernsey.
While our economy demonstrates strength, the review highlights significant risks tied to our island’s relatively isolated and dependent nature.
These include:
- Narrow economic diversity
- Limited land availability
- A constrained tax base
- Low infrastructure investment
These findings will take centre stage at Guernsey Chamber of Commerce’s October lunch event, “Guernsey’s Road to Economic Resilience,” where ISLEFACT’s ‘State of the Islands’ review will be showcased. The presentation will explore factors that contribute to resilience and share valuable lessons from other island economies.
Taking lessons from other Island economies such as Iceland, the review highlights that a diverse economy, strategic planning, and sustainable development are essential for safeguarding against climate change, rising costs, and job-market instability.
There is clear insight that by focusing on innovation and investment in education and infrastructure, Guernsey can build a more resilient future. However, success depends on the collaboration of both the public and private sectors, working together to champion essential economic enablers.
Join us at the October lunch event to learn more about how Guernsey can build a stronger, more resilient economy.
