Economist predicts slow recovery in Hawaii

Nov 6th, 2009 - Boston

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HONOLULU—Next year may be a year of stabilization in Hawaii's economy, but it will likely be 2011 before sustained economic recovery sets in, economist Leroy Laney said.

Laney, economic adviser to First Hawaiian Bank and professor of economics and finance at Hawaii Pacific University, spoke Thursday at the bank's 40th annual Business Outlook Forum.

Laney said he is predicting a slow recovery in spite of an improving picture at the national level and tenuous recovery in Japan.

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