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Three years have passed since, on March 11, 2020, the World Health Organization dubbed COVID-19 as a global pandemic. That day Hawaii’s Council on Revenues projected a loss of $225 million to the state budget for the next year.
That sounds pretty small-ball in hindsight, once the University of Hawaii Economic Research Organization calculated a $7 billion loss to the accommodations and food-services sector from 2020 to the end of this year.
It’s one of those anniversaries to observe rather than celebrate.
