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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.
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The council now forecasts tax revenue to increase by 21% for the 2022 fiscal year. That’s up from its last forecast of 15% made in January.
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For Hawaiʻi's economy, 2021 was a roller coaster year. With the spread of a new COVID variant, economists in the state say there's still plenty of uncertainty. HPR's Casey Harlow has more.
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State tourism officials and economists say they are optimistic for stronger growth in the coming weeks and months. That's after Gov. David Ige announced leisure travel is once again welcome.
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A University of Hawaiʻi economist says he’s cautiously optimistic about the future outlook for the state’s economy even though he’s expecting statistics to show thousands of jobs were lost during the recent Delta variant surge.
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Hawai'i will lift its eviction moratorium Aug. 6. While a federal eviction moratorium may prevent immediate action on evictions, the state is urging renters to seek rental assistance through the counties and tap into mediation. However, there is no easy way to track how much money is still available in each county.