Slower growth with long-term stability expected for Hawaii’s economy

Slower growth with long-term stability expected for Hawaii’s economy

A state forecast for Hawaii’s economy anticipates weaker growth next year but is more optimistic than a recent University of Hawaii projection for a mild recession. The new outlook from the state Department of Business, Economic Development and Tourism published Wednesday anticipates that Hawaii’s economy will expand 1.5% next year after growing 1.2% this year. DBEDT’s latest projection is a half-percentage point lower for 2025 and 2026 than it …