ECONOMIST HAS GOOD NEWS FOR BIG ISLAND!

HILO – Economist Leroy Laney has some good news for the Big Island.

Speaking Thursday at the 36th annual First Hawaiian Bank Economic Outlook Forums in Hilo, Laney said an economic recovery is now under way or at least imminent for the island’s economy.

Laney, the bank’s economics adviser and professor of economics and finance at Hawaii Pacific University, says Hawaii County can look forward to better times.

He says Big Island job growth shows the same pattern as the state as a whole – still declining, but at a decreasing rate.

Laney says the Big Island has further to go in returning to positive job growth than the overall state, because all the Neighbor Islands have felt the recent recession more acutely than Oahu’s relatively diversified economy.

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Maui News