Economists: Hawaii’s economy will slow to near standstill

HONOLULU — University of Hawaii economists say the state’s economy will likely slow to a near standstill.

The Honolulu Star-Advertiser reports the University of Hawaii Economic Research Organization is forecasting economic growth will be less than 1% in each of the next three years.

Economists say Honolulu’s recent crackdown on illegal vacation rentals will likely hurt. A report by the research organization says weakened consumer spending after two straight years of population declines and concerns about U.S. and global economies will further weigh on growth.

The research organization is forecasting a 1.2 percent statewide decline in visitor arrivals next year and a 0.1 percent drop in 2021.

One strong area is the construction industry. The organization expects “modest” growth in construction over the next several years.


Leave a Reply

Your email address will not be published. Required fields are marked *


By participating in online discussions you acknowledge that you have agreed to the Star-Advertiser's TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, email