Florida: expecting a boom
1984
Koch, D.L. | Whigham, P.V. | Steinhauser, D.W.
Extract: Florida's growth path certainly has not been a smooth one. At times, major setbacks have raised questions about the staying power of the state's growth. But the diversity of the economy today, with reduced dependence on tourism and real estate development, should help propel Florida through even the nation's worst recessions. After a sluggish year in 1982 and the beginnings of recovery in 1983, Florida is poised for rapid expansion in 1984. This year should be one of the "boom times" on the state's economic growth chart. Population growth is returning to prerecession levels, new housing construction has regained its strength, and industry development is moving forward. Personal income rose 7.6 percent in 1983 compared to 5.7 percent growth at its most recent weak point.
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