UHERO County Forecast: Despite Lull in Tourism, County Expansions Continue
UHERO, May 23, 2014
Moderate economic expansion will continue in each of Hawaii’s counties. Last year’s tourism weakness continued in the first quarter of this year, and incremental gains for 2014 will be slight. Beyond this year, available capacity will limit further visitor industry growth. The construction expansion has proceeded further on Oahu than the elsewhere in the state, but it is also poised to contribute growth momentum to all counties going forward. In the broader economy, job growth will continue to bring down unemployment rates and will set the stage for a return to more satisfactory growth in personal income.
A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.
LINK: Public Summary of Report
Related: The Conversation: Carl Bonham on the County Forecast