The economic horizon has darkened since our last forecast. The global economy has slowed sharply, and the US is headed for a mild recession in the first half of next year. Hawaii may well escape overall net job losses, thanks to the recovery of Japanese travel that is now finally underway. But high inflation, higher travel costs, and the Fed’s interest rate hikes will still adversely impact Hawaii households and businesses.
UHERO Executive Director Carl Bonham provides a summary of UHERO’s 2022 third quarter forecast report in this episode of “UHERO Focus”
