UHERO State Forecast Update: Hawaii's Economy In Need of An Engine

From UHERO, October 24, 2014

Prospects for Hawaii growth remain muted. Despite a pickup over the summer, visitor arrivals have been soft this year, and the period of robust visitor spending increases is behind us. A mixed global economic environment and limited visitor industry capacity will keep a lid on future gains. While the construction expansion continues, it does so at a slower pace than anticipated and has created few new jobs in 2014. The building trades nevertheless remain the most likely drivers of expansion over the next several years.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.

PDF: Public Summary -- "Weak tourism and federal downsizing are holding down growth.  Construction has disappointed this year, but is poised for gains."

AUDIO: The Conversation: Peter Fuleky on the State Forecast Update