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UHERO State Forecast Update: Hawaii's Economy In Need of An Engine
Prospects for Hawaii growth remain muted. Despite a pickup over the summer, visitor arrivals have been soft this year, and the period of robust visitor spending increases is behind us. A mixed global economic environment and limited visitor industry capacity will keep a lid on future gains. While the construction expansion continues, it does so at a slower pace than anticipated and has created few new jobs in 2014. The building trades nevertheless remain the most likely drivers of expansion over the next several years.
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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