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The Budget, Finance and Economic Development Committee will receive a presentation at its meeting Tuesday at 9 a.m. regarding the wildfire impacts and forecasts on Maui County’s economy from the University of Hawaiʻi Economic Research Organization.
Hawaiʻi’s economy has been sustained by a resilient US economy and the gradual return of international visitors. According to the University of Hawaiʻi Economic Research Organization’s first quarter forecast for 2024, with the islands’ post-pandemic recovery now largely complete, the economy will downshift this year, and growth will increasingly come from local sources, including a robust construction sector bolstered by the rebuilding of Lahaina, Maui.