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Maui has seen a sharp economic decline in the immediate aftermath from deadly Aug. 8 fires, but UHERO's latest economic forecast does not see a significant spillover to the rest of the state.
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Despite increasing uncertainty with the U.S. economy, state economists believe Hawaiʻi will avoid a recession and still have a positive 2023. HPR's Casey Harlow has more.
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Economists at the University of Hawaiʻi are projecting a more optimistic view for the state. But inflation, a worker shortage and the slowing of U.S. visitor arrivals could dampen expectations. HPR's Casey Harlow has more.
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The state's workforce could be dealing with the effects of long COVID, according to a new report from the University of Hawaiʻi Economic Research Organization.
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UHERO economist Carl Bonham said the forecast remains similar to its last outlook, which predicted a mild recession. Now, he says a recession may occur by the middle of 2023.
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Stock markets have continued to be volatile this week. And while there’s a focus on the state of the world and national economy, what could that mean for Hawaiʻi? Pacific Business News editor in chief A. Kam Napier has more.
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The University of Hawaiʻi Economic Research Office predicts a mild recession in 2023. How that’ll impact Hawaiʻi hinges on the state’s tourism numbers.
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Carl Bonham, the executive director of the University of Hawaiʻi Economic Research Office, says the economy is still in relatively good shape, but inflation remains the biggest threat.
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Nearly a quarter of those responding said they depleted their savings during the pandemic and 9% lost their jobs. About a third reported some symptoms of depression, and 4.2% of the respondents said they had contemplated suicide in the last year.
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A new University of Hawai’i’s Economic Research Organization brief took into account the inventory of affordable housing and the monetary costs of rezoning lands and permitting.