(The Center Square) â Floridaâs projected 2.9% job growth rate, near 5% boost in real gross state product (RGSP) and a ârobustâ housing market offer âplenty of reasons to be cautiously optimisticâ about the stateâs 2021 economic outlook, according to public-spending watchdog Florida TaxWatch.
The Tallahassee-based research nonprofit, however, cautions that forecasts released Wednesday in its
The report, largely gleaned from the University of Central Florida Institute for Economic Competitivenessâ
State Economic Forecast, projects Floridians personal income will decline by 3.2% and retail spending by nearly $40 billion â or 6.6% â in 2021.
âOverall, Floridaâs economy in 2021 will be uncertain, influenced largely by pandemic changes, but there is reason to believe next year will be a hopeful year of growth for a state on the road to economic recovery,â Florida TaxWatch President and CEO Dominic M. Calabro said.
Pandemic uncertainty shades ‘cautiously optimistic 2021 outlook in Florida by John Haughey, The Center Square | December 31, 2020 02:00 PM Print this article
Florida’s projected 2.9% job growth rate, near 5% boost in real gross state product (RGSP) and a “robust” housing market offer “plenty of reasons to be cautiously optimistic” about the state’s 2021 economic outlook, according to public-spending watchdog Florida TaxWatch.
The Tallahassee-based research nonprofit, however, cautions that forecasts released Wednesday in its
The report, largely gleaned from the University of Central Florida Institute for Economic Competitiveness’
State Economic Forecast, projects Floridians personal income will decline by 3.2% and retail spending by nearly $40 billion – or 6.6% – in 2021.