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Friday, September 23, 2022
UHERO: US recession will weigh on Hawaii’s recovery
By UHERO @ 12:23 PM :: 847 Views :: Economy

UHERO Forecast for the State of Hawaii: US recession will weigh on Hawaii’s recovery

UHERO, September 23, 2022

The economic horizon has darkened since our last forecast. The global economy has slowed sharply, and the US is headed for a mild recession in the first half of next year. Hawaii may well escape overall net job losses, thanks to the recovery of Japanese travel that is now finally underway. But high inflation, higher travel costs, and the Fed’s interest rate hikes will still adversely impact Hawaii households and businesses.

UHERO Executive Director Carl Bonham provides a summary of UHERO’s 2022 third quarter forecast report in this episode of “UHERO Focus”

Thumbnail of 22Q3 forecast cover

Forecast

---30---

SA: U.S. recession will weigh on Hawaii’s recovery, UHERO forecast reports

HTH: Hawaii economic report ‘pessimistic’; recession expected in 2023

CB: The Return Of Japanese Visitors May Be Just In Time To Save Hawaii’s Economy  

MN: Recession could hit harder on Maui, Kauai

CS: Report: A "rough road" ahead for Hawaii's economy  

Big Q: What’s your outlook for Hawaii’s economy for the next year?

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