2013 economy could outshine 2012 - KUAM.com-KUAM News: On Air. Online. On Demand.

2013 economy could outshine 2012

by Sabrina Salas Matanane

Guam - First Hawaiian Bank today released its annual report on the island's economy. According to the report, 2013 is promising to be at least as favorable as 2012 and potentially a better year.

-Tourism numbers are already tracking above 2012 numbers. In 2012 Guam saw record breaking tourism arrivals with 1.2 million visitors coming to the territory.

-As for the buildup, despite the 6-year delay many in Guam believe recent developments provide more certainty that the buildup will happen.

-Guam, meanwhile continues to enjoy another year of low inflation with little threat of increase in the near future.

-And finally according to the report, the real estate market is still moving along at a slow pace but is expected to pick up when the military buildup commences. 

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