Hawaii’s economic outlook continues to be a story of two economies: a Maui economy that will only gradually recover from its post-wildfire downturn, and the other counties as a group, whose visitor industries will continue to operate at a high level, and whose macroeconomic conditions will remain broadly favorable. Hawaii’s trend growth is now slower than in past decades. That will continue to be the case because of limited population and labor force growth in coming years.
UHERO Executive Director Carl Bonham provides a summary of the 2024 third quarter forecast report in this episode of “UHERO Focus.”
