UHERO Forecast for the State of Hawaii: Recovery resumes, but Omicron looms

COVID-19, Economy, Forecasts
21Q4 Forecast thumbnail

Economic recovery resumed with the end of Hawaii’s COVID-19 wave. Now Omicron is a new threat. Renewed international travel restrictions have reduced the near-term visitor outlook, but the eventual return of foreign tourists in 2022 will enable a broader industry upturn. Moderate job gains will continue, although labor shortages, the end of pandemic support, and higher inflation will weigh on progress.