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Economic Outlook Orlando, FL January 11 th , 2011. U.S. Forecast. Are we past the gravy boat and getting into the meat and potatoes of this recovery? The recovery appears to be gaining momentum Fiscal and Monetary Policy Stimulus QEII
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Economic Outlook Orlando, FL January 11th, 2011
U.S. Forecast Are we past the gravy boat and getting into the meat and potatoes of this recovery? The recovery appears to be gaining momentum Fiscal and Monetary Policy Stimulus QEII Extension Bush Tax Cuts, new payroll tax cuts and investment stimulus
U.S. Forecast Tectonic Forces Impacting Consumers: Pent-up Demand, Rising Incomes An upward force on consumer spending Lost Wealth, Labor Market Downward force on spending
U.S. Household Wealth (Trillions of $)
Florida Sales Report – November 2010 Single-Family, Existing Homes
Florida Forecast • In 2010 the recovery began, we finished some repairs, loaded up and pushed back from the gate and slowly taxied to the runway • 2011 is our runway • We are cleared for takeoff • As year progresses we will pickup speed • Job growth doesn’t takeoff until 2012 and 2013 • Turbulence • Demographics hinder recovery • Housing market woes weigh • Budget shortfalls: State & local government
Florida Economic Outlook IEC 4th Quarter 2010 Forecast
Florida Economic Outlook IEC 4th Quarter 2010 Forecast
Florida Economic Outlook IEC 4th Quarter 2010 Forecast
Florida Economic Outlook IEC 4th Quarter 2010 Forecast
Thank you • Sean M. Snaith, Ph.D. • Director • Institute for Economic Competitiveness • (407) 823-1453 • Sean@SeanSnaith.com • WWW.IEC.UCF.EDU