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Outlook for the Hawai'i Economy

Posted November 30, 1998 | Categories: Forecasts, Hawaii's Economy

We predict a continuation of weak economic growth in 1999. While visitor arrivals will rebound somewhat, we expect overall arrivals to rise at most 1.0%. Again, any strengthening in arrivals will have to come from the US mainland, as the best we can expect from Asia is to stop the bleeding. One bright spot has been the recent strength in the Yen, so that at least the visitors who are here may spend more in dollars. In any event, the economic turmoil in Asia, and its effect on the US economy only lead to cautious optimism for the tourism industry.

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