Annual Hawaii Forecast With Global Outlook: Mainland COVID-19 surge means a bleak winter, but vaccines promise 2021 growth

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The Hawaii economy began to recover from the COVID-19 downturn by the end of the second quarter, but subsequent global waves of the pandemic have disrupted economic progress. The ongoing mainland virus surge and the State’s tightened quarantine rules will weigh on near-term recovery, while news of coming vaccines fundamentally improves growth prospects for the second half of 2021.

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