Bank of Guam economist: Tourism should expand in next few years
By Gaynor Dumat-ol Daleno
HAGÃ
TÃA, Guam (Pacific Daily News, April 10, 2015) – Guam's economy is growing, thanks in part to the rebound in visitor arrivals, but the countries where most of the island's tourists come from face challenges, a local economist said yesterday.
"Tourism has recovered in Guam, and we can hope for industry expansion in the next few years ... Things seem to be moving a little faster now," said Joseph Bradley, chief economist, senior vice president and business continuity officer at the Bank of Guam.
"Japan's economy is faltering, Korea is slowing and China's growth rate is off," Bradley's presentation states.
He made the presentation on local, U.S. and international events and indicators that affect the island's economy, consumers, businesses and government. The presentation was made as a service to the bank's customers.
U.S. economy slowing
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