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Hawaii Economic Forecast Update:
2005 Growth Revised Upward

Posted June 2, 2005 | Categories: Forecasts, Hawaii's Economy

UHERO’s Hawai‘i forecast for 2005 has been revised upward. This reflects newly-available data for the fourth quarter of 2004 and the first quarter of 2005, as well as upward revisions by the U.S. Bureau of Economic Analysis to their 2004 state income figures. As a result, visitor arrivals, employment and income growth are now expected to be a bit stronger than the figures we reported in our March Annual Hawai‘i Forecast report. We continue to expect gradual slowing of the economy as capacity constraints begin to bite.

forecast Summary

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