Outlook for the Economy

 Tuesday, November 18, 2008

Based on lower forecasts for the U.S. and key international economies in the coming months, the Department of Business, Economic Development & Tourism (DBEDT) is forecasting virtually no growth in Hawaii's economy through most of 2009. Assuming national growth turns positive around midyear 2009, Hawaii's economy should begin seeing some improvement later in that year and modest growth in 2010.

Publication: DBEDT
Date of Publication: November 18, 2008
Article URL: http://hawaii.gov/dbedt/info/economic/data_reports/info/economic/data_reports/qser/outlook-economy

Comments by Sachiko


Of course, the forecast depends on growth of the U.S. economy and key international economies such as Japan.  The article also forecasts the visitor arrivals and visitor days for 2009 are now projected to decline 1.9 percent and 1.7 percent, respectively, while visitor expenditures are forecast to increase 0.7 percent from 2008.

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