Hawaii forecast: Modest growth despite tourism - Hawaii News Now - KGMB and KHNL

Hawaii forecast: Modest growth despite tourism

HONOLULU (AP) - A state report says Hawaii's economy is expected to see modest growth despite a strong tourism industry.

The state Department of Business, Economic Development and Tourism released its third quarter economic forecast Thursday. The report says that while non-tourism sectors have not fully rebounded, there are signs of recovery.

Still, analysts decreased projected growth of most economic indicators such as personal income, gross domestic product and job growth, compared with its May forecast.

The forecast for 2012 real gross domestic product for Hawaii is forecast to grow by 1.5 percent, 0.7 of a percentage point below the forest last quarter.

Job growth has lagged other economic indicators in Hawaii. The number of non-agricultural jobs is expected to increase 1.2 percent, 0.3 of a percentage point lower than previously projected.

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