Hawaii’s recovery has resumed now that the Delta and Omicron waves are behind us. Once the Asian COVID-19 wave recedes, the long-awaited return of international visitors will begin later this spring. Hawaii’s delayed recovery from the pandemic means that we expect moderately strong growth, despite clearly deteriorating conditions in the US and global economies. The worsening global economic environment poses substantial downside risks to our Hawaii forecast.
UHERO’s Peter Fuleky, Steven Bond-Smith, and Colin Moore provide a summary in this episode of “UHERO Focus”