ORLANDO, Fla. – June 29, 2016 – Spurred by rising job growth and home construction, Florida’s economy is expected to continue to grow at a faster pace than the national forecast for the next four years, according to the latest forecast from UCF economist Sean Snaith, director for the Institute for Economic Competitiveness at the UCF College of Business Administration.
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Florida – long known for flimflam, bogus swamp sales and Medicare fraud – was home to seven of the top 20 metro areas for consumer fraud complaints last year. The state is the third. and flooding.
Undocumented immigrants contribute $437 million to South Florida’s economy. income taxes paid by low- and moderate-income families in states as reported by the Institute on Taxation and Economic.
Payroll job growth in Florida is robust and continues to outpace national job growth. Year-overyear growth should average 2.5% in 2017, 2.4% in 2018, 2.3% in 2019, 1.7% in 2020, and 1.5% in 2021. Average job growth over the 2017-2021 period will be 0.8 percentage points faster than the national economy.
2016 Economic Outlook State, Regional & Local Overview. FLORIDA. Product will all be top 3 for metro areas in the state and will outpace national averages. Source: University of Central Florida. Institute for economic competitiveness. lake county edt. 7.0% 6.1% 5.4%
· Snaith, director of the University of Central Florida’s Institute for Economic Competitiveness and the recipient of multiple awards for the accuracy of his forecasts.
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no source tracks state economic data. According to UCF analysts, the Florida recession lasted 32 months longer than the rest of the U.S. – a total downturn of 50 months – before starting a tepid rebound in 2012. In 2012 and 2013, the Florida economy grew by 2.2 percent, but UCF says growth has now accelerated.
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The IEF prepares a comprehensive, quarterly forecast of the Florida economy and 12 metropolitan areas, as well as a comprehensive, quarterly forecast of the U.S. economy. Information from the forecasts is included in exclusive panels, including USA Today Survey of Top Economists, Livingston Survey, Survey of Professional Forecasters, Reuters and Bloomberg monthly survey.
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