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Florida Economic Forecast 2011

February 24th, 2011 · 2 Comments

The latest forecast for the economy in Florida shows signs of improvement, but a long ways from recovery. Sean Snaith, professor of economics at the University of Central Florida, uses the analogy of a hangover being in direct proportion to the partying the night before. He notes that a recession occurs in a typical business cycle every five years, but in this case the party lasted a little longer than usual so this recession has been a bit longer as well.

 

Tags: Market Forecast

2 responses so far ↓

  • 1 Florida Economic Forecast 2011-Hojin's SW Orlando Real Estate Scoop | Orlando // Feb 24, 2011 at 4:01 pm

    […] post: Florida Economic Forecast 2011-Hojin's SW Orlando Real Estate Scoop This entry was posted in Uncategorized and tagged best, bulletin, central-florida, florida, […]

  • 2 Christine // Apr 5, 2011 at 6:58 pm

    I’d agree that while the economy is improving since its worst days in 2008, the recovery will still probably be slow going for the next little while. On the plus side, of course, prices on some things remain lower than their pre-recession highs.