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DBEDT projects low growth for Hawaii in 2024

Posted on AllSides December 11th, 2023
From The Center

Economic growth across the state will be low heading into 2024, according to a report by the Department of Business, Economic Development and Tourism (DBEDT). As measured by its gross domestic product (GDP), DBEDT projects its growth was upwards of 1.9% in 2023, while its growth rate for 2024 was lowered from 1.5% to 1.3%. The U.S. Bureau of Economic Analysis released data indicating that Hawaii’s economic growth in the first half of 2023 was 2.4%, higher than the national average of 2%. The Maui Wildfires, which began in August,...

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https://khon2.com/hawaii-fires/dbedt-projects-low-growth-for-hawaii-in-2024

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