ASSOCIATED PRESSHONOLULU The state Department of Business, Economic Development and Tourism is forecasting sustained economic growth for the islands over the next several years. In its quarterly report Thursday, the department retained its June forecast for a 3.5 percent real
ASSOCIATED PRESSHONOLULU
The state Department of Business, Economic Development and Tourism is
forecasting sustained economic growth for the islands over the next several
years.
In its quarterly report Thursday, the department retained its June
forecast for a 3.5 percent real economic growth in the islands this year and
continued strength into the future.
Department Director Seiji Naya said the
solid performance of the state’s economy in the second quarter combined with
continued strength on the mainland shows Hawaii has a healthy and sustainable
rate of expansion.
Department forecasts are for a 3.5 percent growth in
personal income this year, a 2 percent job growth, a 4.8 percent increase in
visitors, increased construction and fewer bankruptcies.
It predicts
inflation in the 2 to 2 1/2 percent range over the next several years.
