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Florida Metro Economic Forecast December 2017 from the Institute for Economic Competitiveness at UCF. , The pace of U.S. economic growth Florida now doubles.. Quarterly Summary of the.
From 2016-2019, Florida’s economy, as measured by Real Gross State Product, is expected to expand at an average annual rate of 2.9 percent through 2019, outpacing the projected average for U.S. real Gross Domestic Product growth for the same period.
Florida’s economy will perform better than the nation’s average in upcoming years, according to the second-quarter Florida & Metro Forecast.
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.
Overall, Florida is not a bad place to be in 2016. Starting in 2015 and through 2018, the state’s economy is expected to expand at an average annual rate of 3.2 percent, according to the “Florida &.
UCF Florida & metro forecast: State economy will outpace U.S. 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.
The Institute for Economic Competitiveness was created to foster a relationship and forum among academia, business, and government, and aims to expand public understanding by convening business leaders, scholars, policy makers, civic groups and media to discuss critical issues. The Institute publishes economic forecasts every quarter and provides analysis of the economic impact of current.
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Expect Florida’s economic growth in 2015 to outpace the nation’s and Marion County’s expansion to ouptace most of the state’s other metro areas. 2015 economic forecast is rosy for Marion County.
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Nominal Gross State Product is expected to break the $1 trillion mark in 2018, according to the Florida & Metro Forecast, and climb to $1.074 trillion in 2019. This level today would make Florida’s economy the 16 th largest in the world, as ranked by the World Bank.