NEW FORECAST CONTINUES TO SHOW LOWER ECONOMIC GROWTH IN HAWAI'I IN 2024

Summary

The article outlines Hawaii's anticipated slow economic growth for 2024, with a slight upward revision from previous estimates. This forecast is shaped by household spending and significant setbacks from the Maui wildfires, particularly affecting tourism. It also notes that Hawaii's economic recovery from the COVID-19 recession lags compared to the national average. Key figures include Governor Josh Green, DBEDT Director James Kunane Tokioka, and Chief State Economist Eugene Tian. The tags 'Recessions, Hawaii wildfires, Lahaina, Hawaii, COVID-19 recession, Maui, Economy of the United States, Economic recovery' are all directly related to the content, reflecting the economic challenges Hawaii faces.