UHERO State Forecast Update: Hawaii in early stages of recovery, then a setback

COVID-19, Economy, Forecasts
20Q3 Forecast cover

Hawaii’s COVID-19 resurgence put the brakes on a very tentative economic recovery. The further delay of the visitor industry restart and renewed strict social distancing on Oahu have hit both tourism and locally-focused businesses. Our baseline forecast now sees meaningful economic recovery delayed until the middle of next year, and an attenuated recovery period thereafter.

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