The improved outlook is due to inflation being more subdued than state economists had anticipated, while Hawai'i's biggest economic engine — tourism — is expected to be worse than before and result in increased job losses.
As shown in the forecast above, inflation is quite low, but that's countered by a 6% drop in visitor arrivals. The economy is still in recession, but the recession is not as severe as it was this time last year. As the state's chief economist of the Department of Business puts it, the economy is a "mixed picture". Big hits are expected to employment rates as well as visitor spending and the tourism industry, a major part of Hawaii's economy. Hawaii is still better off than most states however.
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