Posted 4/11/2024, 10:54:05 PM
Florida Forecast: Sunny Growth With Some Looming Clouds
- Florida's economy expected to outpace national economy through 2027 due to influx of new residents and robust labor market
- However, high consumer debt and cost of living outpacing wages could cause some "turbulence"
- Housing market cooling due to high mortgage rates and slowing new construction
- Job growth to slow from 5.7% in 2022 down to 0.6% by 2027
- Personal income growth expected to average 3.6% through 2024-2027, 0.8% higher than national average
