Economic recovery rosy with billions in federal aid set to roll into Hawaii

Hawaii’s economic recovery is looking up, with billions in additional federal aid set to pour into Hawaii this year and the pace of vaccinations picking up, Carl Bonham, executive director of the University of Hawaii Economic Research Organization, told lawmakers Monday.

Bohham said the value of all goods and services produced statewide, known as the gross domestic product, or GDP, could return to pre-pandemic levels by the second or third quarter of next year.

“It’s nice to be optimistic for a change,” he said during a hearing before Hawaii’s House Select Committee on COVID-19 Economic and Financial Preparedness.

https://www.staradvertiser.com/2021/03/23/hawaii-news/economic-recovery-rosy-with-billions-in-federal-aid-set-to-roll-into-hawaii/