The state is entering a mild recession, but it will be less severe than previously predicted, according to the University of Hawaiʻi Economic Research Organization’s most recent forecast.
UHERO Executive Director Carl Bonham explained that the U.S. economy and national policies are the main causes.
“Whether it’s tariffs or deportations or cutbacks in federal spending, that has impacted us both through the shutdown, which was just sort of piling on top of what was already a pretty weak Hawaiʻi economy,” he said…