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flag UHERO predicts a mild recession in Hawaii starting late 2025, citing federal policies and lower tourism.

flag The University of Hawaii Economic Research Organization (UHERO) forecasts a mild recession in Hawaii starting late 2025, due to federal policies, tariffs, and reduced tourism. flag Visitor numbers are projected to drop by 4%, with spending down by $1.6 billion by 2026. flag Unemployment is set to increase, especially in the public and tourism sectors. flag Construction and personal income will also be negatively impacted, with a slow recovery expected after 2026.

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