UHERO Forecast for the State of Hawaiʻi: Near-term slowing expected as pandemic recovery ends

Cover of the 2021 Q1 Forecast

Hawaii’s economy has been sustained by a resilient US and the gradual return of international visitors. With the Islands’ post-pandemic recovery now largely complete, the economy will downshift this year, and support for growth will increasingly come from local sources, including a robust construction sector that will be bolstered by Maui rebuilding. On the Valley Isle, the initial visitor recovery after the wildfires has proven somewhat stronger than expected, but rebuilding will take a long time, with many uncertainties about how this will play out.

UHERO Executive Director Carl Bonham provides a summary of the 2024 first quarter forecast report in this episode of “UHERO Focus.”

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