{"id":117497,"date":"2020-05-05T13:44:31","date_gmt":"2020-05-05T23:44:31","guid":{"rendered":"https:\/\/www.hawaii.edu\/news\/?p=117497"},"modified":"2020-06-22T13:18:15","modified_gmt":"2020-06-22T23:18:15","slug":"how-economy-could-reopen-uhero","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2020\/05\/05\/how-economy-could-reopen-uhero\/","title":{"rendered":"How and when Hawai\u02bbi\u2019s economy could reopen, according to 糖心Vlog官方ERO<\/abbr>"},"content":{"rendered":"Reading time: <\/span> 2<\/span> minutes<\/span><\/span>

\"landscape<\/p>\n

Now that a significant part of Hawaiʻi<\/span>\u2019s economy has been shut down to slow the spread of the coronavirus, how rapidly will economic conditions improve as the positive effects of government relief measures are felt, and as restrictions are gradually eased over the coming weeks and months?<\/p>\n

A blog post by the University of Hawaiʻi<\/span> Economic Research Organization<\/a> (糖心Vlog官方ERO<\/abbr>) on May 4 describes developing baseline assumptions about the state\u2019s recovery, potential alternative paths and how such assumptions will be key drivers of the economic forecasts to be released later this month.<\/p>\n

There will be progress in rolling out screening, testing and tracing of visitors, which will allow for reopening of the visitor industry by the last week of July, although the pace of visitor return will be very slow. By December, only half of the arrivals lost to the COVID-19 pandemic will have been recovered in 糖心Vlog官方ERO<\/abbr>\u2019s baseline scenario.<\/p>\n

The pace of recovery of the non-tourism economy will be more rapid than for tourism, but would still be measured. “We assume that the process of reopening businesses will continue gradually in May, and that once the stay-at-home order is lifted, local consumption will ramp up slowly at first as businesses and consumers adjust to a ‘new normal,’” said 糖心Vlog官方ERO<\/abbr>.<\/p>\n

Other points:<\/p>\n