//
you're reading...
Guam, Japan, Tourism

Japan tsunami puts Guam economy under pressure

A Bank of Guam economist says the March 11 earthquake and tsunami in Japan is having severe effects on the Guam military buildup.

The Pacific Daily News quotes Joe Bradley as saying “Guam has returned to the economic limbo that we were in for more than a decade.”

Bradley says Guam’s employment figures are slowly sliding again, while prices have risen dramatically.

He says tourism arrivals from Japan, by far Guam’s largest market, are slowly improving, but economic growth in the United States is too slow.

“It is very hard for me to be optimistic,” Bradley said.

Advertisements

About Samantha Magick

Journalist and editor

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

Archives

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: