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Annual Hawaii Economic Forecast:
Hawai'i Recovery Takes Hold

Posted March 26, 2010 | Categories: Forecasts, Hawaii's Economy

Hawai'i's economic recovery has begun. Employment is stabilizing, and many sectors will begin to add modest numbers of jobs as the year progresses. Visitor arrivals and spending will continue to firm along with economic conditions in our major tourism markets. Private construction is bottoming out, and the sector will begin to see more benefit from Federal and State spending programs. While growth is resuming, the pace of recovery will be slow, constrained by tepid U.S. consumer spending and the drag from the State and local fiscal conditions. As a result, unemployment will recede only gradually from current high levels.

Forecast summary

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