Florida & Metro Forecast: State Economy Will Outpace U.S.

June 1, 2019 – The arizona economy continues its long winning streak. Employment is expanding, population growth is solid, and wages are rising. Further, Arizona continues to far outpace national growth rates. The only smudge on this picture is the state unemployment rate, which remains stubbornly above the U.S. average.

Georgia’s economy will match its performance last year, propelled by economic development projects, solid population growth and a housing recovery, according to the economic forecast from the University of Georgia Terry College of Business. "At this late stage of the economic expansion, the outlook for Georgia is surprisingly good," said Terry College Dean Benjamin C. [.]

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After a record-breaking 2018 for visitors here in Central Florida, it looks like you better get ready to greet even more people this year, according to a new aaa travel forecast. “The recent U.S..

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Metropolitan statistical areas with the highest ratio of price appreciation to wage growth included Merced, California (141:1), Memphis, Tennessee (99:1), Santa Cruz, California (94:1), Augusta, Georgia (78:1), and Palm Bay-Melbourne-Titusville, Florida (62:1). Other metro areas where home price appreciation has outpaced wage growth by a wide margin during the housing recovery included Sacramento, California.

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 16th largest in the world, as ranked by the World Bank.

 · Kiplinger’s Economic Outlook for All 50 States, 2018. The South is seeing higher demand for exports such as industrial machinery and other equipment. The Midwest is enjoying a surge in demand for manufactured goods, and it leads in productivity gains, though slower auto sales could ding growth in Michigan.

Chicago anticipated to be nation’s weakest major housing market in 2019. A study by realtor.com ranks the Chicago region’s housing market slowest of 100 U.S. metro areas for 2019.

Florida tourism is a major component of the state’s economy and continues to show its strength. Preliminary estimates indicate that 29.2 million visitors came to Florida during the third quarter of 2017 for an increase of 3.5 percent over the same period in 2016.