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March 23rd, 2008

Hawaii Economy Slowing Down.

The Hawaii economy is slowing and could be relatively flat for this year and next, with little growth.  One of the biggest factors is inflation, as personal income rises (5%) but at the same rate as inflation here in the isles.

Hawai’i’s economy has been slowingsince booming earlier this decade, and many economists had forecast this to continue this year. But the UHERO report downgrades its previous forecasts, showing a decline in visitor arrivals for a second consecutive year and a slight decline in employment. It also forecasts personal income will have little growth when adjusted for inflation.

Read also, Hawaii jobless numbers up in January.  That would be up, to a whopping 2.8% (8th lowest in the country).

Posted by scott on March 23rd, 2008 in Economic Info |

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