Hawaii economic report ‘pessimistic’; recession expected in 2023

  • Kelsey Walling/Tribune-Herald Families take turns walking into Nahuku, or the Thurston Lava Tube, last month in Hawaii Volcanoes National Park. Robust spending by North American visitors has partly offset the near-absence of traditionally high-spending Japanese visitors, according to a University of Hawaii report about the state's economy.

Both the U.S. and Hawaii are headed toward a mild recession, according to a new report released today by the Economic Research Organization at the University of Hawaii.