Lackluster 1st Quarter Followed By Slooow Recovery

Aloha Kakou:

Leroy Laney and Paul Brewbaker, economic advisers to First Hawaiian Bank and Bank of Hawaii, respectively, agree that the first half of 2010 will continue to be slow with a turn toward a very slow recovery beginning mid-2010.

The state of Hawaii is projecting flat visitor spending for '10, with a gradual and modest recovery continuing through 2012.

And, as we've seen before, Hawaii's delayed entry to the worldwide downturn will mean a much more delayed return to good times.

http://www.honoluluadvertiser.com/article/20091118/NEWS01/911180367/Hawaii+s+economic+bounceback+likely+to+be+slow++state+says