Hawaii’s economy has been resilient in the face of weakening US and global economies, high interest rates, and the glacial return of Japanese travelers. Deceleration in key visitor markets will produce slower growth in 2024. But, absent a US recession, moderate gains will resume in 2025. While economic fallout from the Maui wildfires has been somewhat smaller than feared, the rebuilding path will be long, and there are considerable uncertainties about how it will proceed.
UHERO Executive Director Carl Bonham provides a summary of the 2023 fourth quarter forecast report in this episode of “UHERO Focus”
