State's economy expected to heat up

UHERO researchers predict GDP will grow 3.5% after a strong year for tourism and jobs

By Alan Yonan Jr.

POSTED: 01:30 a.m. HST, Feb 15, 2013

~~<p>Hawaii's economy is poised to grow this year at its fastest pace since 2005, buoyed by continued strength in the visitor market and a long-awaited turnaround in the construction industry, according to a forecast scheduled for release today by the University of Hawaii Economic Research Organization.</p>
<p>UHERO's outlook, titled "Expansion shifts into higher gear," was more upbeat than its previous forecast released in November, with the group issuing upward revisions to nearly every economic indicator it tracks.</p>
~~

Hawaii's economy is poised to grow this year at its fastest pace since 2005, buoyed by continued strength in the visitor market and a long-awaited turnaround in the construction industry, according to a forecast scheduled for release today by the University of Hawaii Economic Research Organization.

UHERO's outlook, titled "Expansion shifts into higher gear," was more upbeat than its previous forecast released in November, with the group issuing upward revisions to nearly every economic indicator it tracks. Login for more...