A new economic forecast for Kauai finds that following a modest recovery from the pandemic, the county is at a critical juncture with an impending national recession threatening to affect the flow of mainland visitors on which the county so heavily relies.
What You Need To Know
“Declining U.S. Outlook is a Rising Risk for Kauai” examines key sectors, emerging trends and potential challenges that influence the county’s economic outlook
The report notes that while inflation has receded, a national recession looks increasingly likely due to tightening credit and rising interest rates constraining demand
Kauai fared well as the pandemic receded, and the state saw a large influx of Mainland visitors
The report’s authors said Kauai would need to continue to manage the environmental and social impacts of tourism, resident settlement, infrastructure and congestion
