Slow and steady

Florida's economy was hit hard during the recession and has been on a slow but upward trajectory since mid-2010. Despite the loss of jobs and battered real estate markets, Florida has outperformed other states that were also hard hit by the recession. Florida's reserves, along with solid debt management and conservative budgeting practices, took the state through that difficult period without the pain or rating downgrades seen elsewhere. In fact, Florida has surpassed the national growth rate each year since 2012.