The state of Hawaii is considering itself very fortunate regarding Hurricane Iselle and economists believe that the economic effects of the storm will be very minimal. The hurricane did cause damage to parts of the Big Island of Hawaii, but had became fair weak by the time it came to Oahu. Economist Paul Brewbaker of TZEconomics stated, "This storm's impact was negligible in terms of anything that would be material in a macroeconomic sense -- tourism, reconstruction, foregone economic output, etc. There was no substantial damage that would not have been associated with a vigorous tropical storm cell or a bad Kona storm." A second storm, Hurricane Julio, is moving towards the Hawaiian islands, but weather forecasters believe that it will pass to the north of the islands and cause minimal impact.
Source: Honolulu Star Advertiser, 8-9-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
