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Annual Hawaii Forecast: With Hawaii Growth Slow,
US Risk Looms Large

Posted September 2, 2011 | Categories: Forecasts, Hawaii's Economy

Against a backdrop of local slowing and deteriorating conditions in the US and global economy, Hawaii will see only modest growth in 2012. The strongest part of the tourism recovery is now behind us, and further industry gains will be more incremental. Job growth will continue to occur in many areas of the economy, but not at a pace that will rapidly alleviate unemployment. Somewhat better, but still measured, growth will occur in 2013-2014. While we are not forecasting a US recession, American economic and political conditions represent a substantial downside risk for Hawaii.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.

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