Things are looking up for the U.S. and global economies. Japan returned to growth in the second quarter, and it appears likely that the U.S.
UHERO Forecasts provide the Hawaii community with analysis of economic trends in the State and the Asia-Pacific region.
The U.S. recession is easing, but prospects for a quick Hawai’i construction recovery remain poor. We expect U.S. output to grow by more than 2%
Two recent developments have caused us to mark down a bit our already weak outlook for the Hawai’i economy. The H1N1 flu epidemic has worsened
Hawai’i’s counties face the most challenging economic environment in many years. The severe U.S. and global recessions will last through much of 2009, and when
The next several years will be difficult ones for Hawai’i businesses and households. The visitor industry will languish, as the deepest global recession in decades
The global credit crisis and deepening recession have materially worsened prospects for the Hawai’i construction industry. Commercial and resort building are in retreat, hampered by
Prospects are good for an early-2010 return to growth in Hawai’i. Recent data suggest we are past the trough of the visitor industry downturn, and
The global financial crisis and widening global downturn have materially worsened prospects for the Hawai’i economy. Economic conditions are now poor in virtually every visitor
The unfolding financial crisis will cause the deepest slowdown of global growth in many years. In 2009, the rich world will be in recession, and
The momentum created in Maui’s construction sector by soaring median home and condo prices, inexpensive financing, and multiple luxury resort developments has dissipated over the
The U.S. downturn and record-high oil prices have taken a big bite out of the Hawai’i tourism industry. Visitor arrivals will tumble 9% this year,
Hawaii’s construction sector is now on the downward side of the cycle, but slowing continues to be considerably more moderate than in many U.S. mainland
Prospects for the Hawai’i economy have worsened significantly since our March Annual Hawai’i Forecast. The failures of ATA and Aloha airlines, the loss of a
To varying degrees, each of the four counties has shared in the state’s broad pattern of slowing over the past several years, a process that