According to a report released by the state Department of Business, Economic Development and Tourism, visitor arrival and spending for 2012 will increase by 4.4 percent and 6.4 percent respectively. Wages and salary jobs are expected to increase by 1.5 percent for the year. The state of Hawaii’s gross domestic product is expect to increase by 1.8 percent in 2012 and 2 percent in 2012 after adjusting for inflation. The director for the department, Richard Lim, stated, “Moderate but steady growth is being reflected in most of our key economic indicators, so we feel that the state is still on the right course for economic recovery.”
Source: Honolulu Star Advertiser, 2-23-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
