#recession

Department officials say many economists believe that the US economy will experience a recession during the second half of 2023. However, the Hawai‘i economy has not recovered from the recession caused by the COVID-19 pandemic.

Tourism sector is growing at high rates, but the rest of the economy is just not moving, according to the latest report released by the University of Hawaii Economic Research Organization.

The University of Hawaii Economic Research Organization (UHERO) today released an update to their state forecast saying that “Hawaii’s recovery pace has slowed to a standstill this year” and that the debt crisis in Europe is Hawaii’s biggest economic threat.

During the recession, the concept of who constitutes as “poor” or “needy” has drastically changed. People who were generally well situated financially, with college degrees in their back pockets are never the image that one sees associated with the words needy and poor, but that is exactly who has been eliciting help from services that […]