Forecast

UHERO Forecasts provide the Hawaii community with analysis of economic trends in the State and the Asia-Pacific region.

UHERO County Forecast: Despite Lull in Tourism, County Expansions Continue

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 Construction Forecast: Construction Upturn On Track

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, …

UHERO State Forecast Update: After Austerity, Road Ahead Will Be Smoother

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 …

UHERO Asia-Pacific Forecast: Pacific Rim Will Edge Forward After Weak 2013

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 …

UHERO State Forecast Update: No Shutdown For Hawaii Growth

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 …

Annual Hawaii Forecast: Expansion to Strengthen Despite Washington Worries

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, …

UHERO County Forecast: Growth Accelerates Statewide

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 …

Hawaii Construction Forecast: Construction Upswing Picks Up Speed

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 …

UHERO State Forecast Update: Expansion Shifts Into Higher Gear

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 …