Annual Hawaii Forecast with Global Outlook: After a Cloudy 2019, New Year Looks a Bit Brighter

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Hawaii’s economy has entered a soft patch. Falling real visitor spending and a declining population have suppressed demand and halted growth in nonfarm payrolls. But the construction industry is holding up, and the number of visitor arrivals continues to grow. Following this year’s weakness, we expect some improvement in the external environment, which will help us edge back onto a positive, if restrained, growth path.

This executive summary is provided as a service to the public. For a complete analysis and detailed multi-year forecasts, subscribe to UHERO’s Forecast Project.

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