#US economy
Economist warns council of vulnerable economy ahead of budget deliberations
University of Hawaiʻi economist Carl Bonham warned Maui County Council members Wednesday that a stagnant job market and a precarious reliance on wealthy tourists leave the county vulnerable as it begins annual budget deliberations.
UHERO forecast: Federal cuts raise risk of Hawaiʻi economic downturn
The clearest near-term risk is federal layoffs, which could result in a loss of more than 2,000 local jobs, fully offsetting growth in construction and the lift from local tax cuts. Together with other federal policies, this places the Hawaiʻi economy at risk of recession over the next few years, UHERO reports.
