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Hawaii’s economy faces a mild recession through 2026 due to falling tourism, rising unemployment, and federal funding cuts.
Hawaii faces a mild recession through 2026, driven by a weakening U.S. economy, declining tourism, and federal policy changes.
Visitor arrivals dropped 8% from April to July, with international travelers down 9%, and real spending is projected to fall by over $600 million.
Domestic tourism remains key but is threatened by stagnant job growth, rising inflation, and federal layoffs.
Unemployment is expected to rise from 3% in 2025 to 3.6% in 2026.
Construction is a bright spot due to federal projects, but rising material costs and tariffs may hinder progress.
A looming healthcare crisis looms as federal funding cuts could leave 41,000 residents without coverage.
Condo markets, especially on Maui, are weakening amid high mortgage rates and regulatory uncertainty.
La economía de Hawai enfrenta una leve recesión hasta 2026 debido a la caída del turismo, el aumento del desempleo y los recortes de fondos federales.