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Hawaii Economic Forecast:
Recovery Continues Despite Tourism Woes

Posted December 2, 2002 | Categories: Forecasts, Hawaii's Economy

Hawaii’s economy is on the road to recovery, but there is still plenty of unfinished business. The strength in U.S. mainland visitors has helped the tourism sector avoid a disastrous year, but the Japanese side continues to fall short of pre-recession levels. Few of the tourism jobs lost after 9-11 have returned. While the broader economy fares better, with a partial recovery in the non-ag job count, we have yet to see net gains in employment. In fact, extraordinary strength in several domestic sectors, such as the housing market and some service areas, means that Hawaii has maintained real income growth throughout this two-year economic downturn.

forecast Summary

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