UHERO Asia-Pacific Forecast: Moderate Regional Growth Faces Rising Risks
The Asia-Pacific economy slowed this year, and only slight acceleration is expected in 2015. While US economic conditions are steadily improving, Japan has had to
The Asia-Pacific economy slowed this year, and only slight acceleration is expected in 2015. While US economic conditions are steadily improving, Japan has had to
Prospects for Hawaii growth remain muted. Despite a pickup over the summer, visitor arrivals have been soft this year, and the period of robust visitor
The stall in tourism has slowed the Hawaii economy, and no other sector has yet emerged to provide offsetting stimulus. Construction has been slow to
Moderate economic expansion will continue in each of Hawaii’s counties. Last year’s tourism weakness continued in the first quarter of this year, and incremental gains
Hawaii’s construction expansion continues apace. New condo towers in Kakaako are spurring double-digit growth in permits for residential construction. A sharp rise in commercial construction,
Federal budget woes caused a softening of growth at year-end. With that behind us, we’ll see better performance in 2014. A summary of this forecast
The Asia-Pacific region has seen another year of lackluster growth. The global environment for exports— the region’s lifeblood—has remained exceptionally weak, as the European debt
Growth is holding up in Hawaii, driven by still-strong tourism and rising construction. Recent hints of slowing make Washington worrisome. A summary of this forecast
Hawaii is headed toward a strong expansion path. While federal tax increases and the spending sequester have weighed on growth in the year’s first half,
2012 was another year of strong tourism gains for Hawaii’s counties, and a year when significant growth spread to much of the broader economy. Oahu
Construction turned the corner in Hawaii last year after five straight years of contraction. We are now seeing impressive gains in percentage terms for private
2012 marked a transition to healthier growth. Room for rapid tourism gains is now limited, but other sectors will pick up the pace. A summary
The never-ending European debt debacle and stuttering US recovery have taken a bite out of Asia-Pacific growth this year. Higher income Asian economies have suffered
Hawaii’s tourism juggernaut powers onward, but growth elsewhere remains elusive. Broader—and a bit stronger—expansion is in the pipeline. A summary of this forecast is available
Hawaii’s recovery is proceeding along two very different tracks. The tourism industry is on a tear, posting impressive rates of growth. With a few exceptions,