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Last Word
The Last Word – Nov/Dec 2024
- Date Posted: November 8, 2024
- Tags: Last Word
Nominate the Guam Business Magazine 2026 Executive of the Year
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Tourism, historically a cornerstone of Guam’s economy, has not yet returned to pre-pandemic levels. The recovery has been slower than anticipated, with several factors contributing to this lag.
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Military construction surge drives strongest confidence in five years
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Guam’s current economic landscape is defined by a profound structural bifurcation. Those entities anchored within the construction and defense sectors are projected to sustain high-capacity operations for the next decade, fueled by a multi-billion-dollar military buildup that now serves as the island’s primary macroeconomic stabilizer.
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