In their latest quarterly revision of the official state economic forecast, Department of Business, Economic Development & Tourism economists say they expect the additional spending to come from the same number of visitors. If visitor counts improve, the dollar outcome could be better still.
The DBEDT economists still see a net decline in jobs in 2010 - unemployment is usually a lagging indicator, one of the last factors to improve after a recession ends - but predict some improvement in construction, which lost 5,000 jobs last year.
Using the Honolulu consumer price index as an indicator of statewide price inflation, the forecast calls more slightly more inflation than previously predicted, but still less than 2% for full year 2010.
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Light winds and mostly clear skies are in the forecast for Monday, but an approaching cold front will combine with abundant moisture from the south to bring heavy showers and a chance of thunderstorms to most of the state by Monday night and Tuesday.More >>
Abundant moisture ahead of a slow-moving cold front could result in heavy showers and thunderstorms starting Monday night for Oahu, Maui County and the Big Island.More >>
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