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Economic Currents

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Quarterly Hawai'i Forecast Update: Oil Surge Fuels Inflation, Threatens Deeper Downturn

Posted June 13, 2008 | Categories: Hawaii's Economy, Economic Forecasts

Prospects for the Hawai'i economy have worsened significantly since our March Annual Hawai'i Forecast. The failures of ATA and Aloha airlines, the loss of a second NCL cruise ship, and the dramatic surge in oil prices will damage a local economy that was already feeling the effects of the national downturn. 

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