The newest University of Hawaiʻi Economic Research Organization (UHERO) report focuses on the economic outlook for Hawaiʻi, which remains favorable, despite tremendous uncertainty about future U.S. policy.
Hawaiʻi’s economy has started the year in fine form. Moderate job and income growth are continuing, and generally favorable global and national conditions are maintaining impressive tourism numbers. The construction buildup has eased, but the industry remains very active. While developments in Washington could hurt the state economy, for now prospects look good for continued growth, if at a less rapid pace than has been seen in recent years.
- Expansion generating nice income gains
- Global outlook better, risks huge
- Not much room for tourism growth
- Construction settling on high plateau
- Rail not only public sector challenge