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 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,

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

The Hawai’i economy that powered its way through much of this decade slowed to a standstill in 2007. The drag from a weakening visitor industry

While the external environment has become decidedly more risky since last fall, this forecast makes only a small downward revision to the forecast path. Construction