March 6th, 2009
Hawaii’s Economy Standing
Hawaii’s economy is expected to decline slightly for 2009 and will begin to slightly increase in 2010 with more modest growth in 2011 according to the state.
HAWAII’S ECONOMIC FORECAST
| CATEGORY | 2009 FORECAST | 2010 FORECAST | 2011 FORECAST |
| GDP | 0.2% decline | 1.1% increase | 1.6% increase |
| Job count | 1.3% decline | Flat | 0.5% increase |
| Tourism | 5.9% decline | 1.3% increase | 4.6% increase |
| Income | 0.4% decrease | 0.6% increase | 1% increase |
Source: Department of Business, Economic Development & Tourism
National and international economic conditions continue to slow Hawaii’s economy and this will likely be the case for most of 2009,” said DBEDT Director Theodore Liu. “We are hopeful of a turnaround beginning late this year, but recovery is likely to be a gradual process.
Posted by scott on March 6th, 2009 in Economic Info, Feedblitz | No Comments »