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Officials ‘optimistic’ for Hawaii’s economy despite US projections | News, Sports, Jobs
A bustling business center in Kihei is seen in September 2021. Hawaii’s economic outlook remains unchanged despite a downturn in projections in the U.S. economy, which forecasters worry could see a recession in early 2023. The Maui News / MATTHEW THAYER photo The likelihood of a recession for the U.S. economy in early 2023 hasn’t dimmed prospects for Hawaii’s economy, which is still buoyed by strong tourism recovery, an improving labor market and rising state tax collections. The state Department of Business, Economic Development and Tourism kept its growth projections for Hawaii steady at 2.6 percent for 2022 and 1.7 percent for 2023, and the department’s director said officials “are…
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Hawaii’s Mauna Loa is erupting for the first time since 1984
CNN — The world’s premier lively volcano, Mauna Loa on Hawaii, is erupting for the initial time in almost 40 a long time. Although lava is flowing down one particular facet of the volcano, the eruption in Hawaii Volcanoes Countrywide Park is not threatening communities, the US Geological Survey mentioned midday Monday. “All indications are that the eruption will stay in the Northeast Rift Zone,” the agency said in an advisory, referring to an area where by a volcano is splitting, enabling for lava flow. “Volcanic gas and maybe fine ash and Pele’s Hair (strands of lava glass) might be carried downwind.” A “trace to a lot less than one…
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