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Hawaii Economy Slows as Tourism Stalls, Construction Jobs Decline

·By Anita Hofschneider

A new report by the University of Hawaii Economic Research Organization has grim news for Hawaii’s economy: construction hasn’t picked up as much as economists predicted, and a stalled tourism industry is slowing the state’s economic growth.

The annual economic forecast found that tourism in Hawaii was “essentially flat” in the first half of this year. A report by the Hawaii Tourism Authority issued earlier this week found that total visitor spending grew by 2.5 percent in the first half of 2014 to $7.4 billion, but that there are still fewer