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UHERO Hawai’i Quarterly Forecast Update: Mainland Woes Pose Risks for Visitor Sector

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Moderate economic expansion is expected to continue in Hawai’i for the remainder of the year, with further slowing into 2008 and 2009. The visitor industry will continue to be challenged by a weak American mainland economy. Despite recent financial market turmoil, Hawai’i’s construction industry continues to settle toward a soft landing. Fallout from mainland housing and mortgage markets poses a risk, primarily to the visitor industry.

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