According to a report released by Eugene Tian, the state’s chief economist, sequestration, if enacted, would slow Hawaii’s economic growth to 2.6 percent in 2013, as opposed to the 3.4 percent predicted if no mandatory spending reductions are enforced. Tian noted that military spending accounts for 9.6 percent of Hawaii’s gross domestic product and federal civilian workers adds another 5.8 percent. If sequestration occurs, jobs cuts would be made and remain jobs may be furloughed. This would have a significant effect to Hawaii’s economy.
Source: Honolulu Star Advertiser, 2-23-2013, 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
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
