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Hawaii Economic Forecast Update:
Surging Economy Generates Impressive Income Growth

Posted November 22, 2005 | Categories: Forecasts, Hawaii's Economy

Any signs of cooling evident in second quarter data disappeared in the third quarter. Tourism rebounded and personal income was revised upward. The residential construction sector continues to perform at an exceptionally high level. While we expect the economy to slow a little in the fourth quarter, we now forecast real income growth of 4.3% for 2005. The strong growth is expected to generate some additional inflation over the next two years.

forecast Summary

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