UHERO Forecast for the State of Hawaii: Global war on inflation will hinder Hawaii growth

Cover of the 22Q4 forecast report

The global outlook continues to darken, but prospects for Hawaii remain largely unchanged from our last report. Rising interest rates, dwindling pandemic era savings, and the coming US downturn will cause a pause in growth next year. But the belated recovery of the Japanese visitor market and surging public sector construction will prevent a recession in the Islands.

UHERO Executive Director Carl Bonham provides a summary of UHERO’s 2022 fourth quarter forecast report in this episode of “UHERO Focus”

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