UHERO Forecast for the State of Hawaii: US recession will weigh on Hawaii’s recovery
UHERO, September 23, 2022
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”
SA: U.S. recession will weigh on Hawaii’s recovery, UHERO forecast reports
HTH: Hawaii economic report ‘pessimistic’; recession expected in 2023
CB: The Return Of Japanese Visitors May Be Just In Time To Save Hawaii’s Economy
MN: Recession could hit harder on Maui, Kauai
CS: Report: A "rough road" ahead for Hawaii's economy
Big Q: What’s your outlook for Hawaii’s economy for the next year?