Sun starts to shine on Florida's GDP

At the onset of the pandemic in the first quarter of 2020, economic output in the United States fell for the first time in more than a decade. The following quarter was even worse, and marked the largest economic contraction for the U.S. economy in more than 70 years.

Although the economy started to rebound in the third quarter of 2020, GDP remains well below what it was a year and a half ago. Since the third quarter of 2019, the U.S. economy has contracted by 2.8%, according to a study by 24/7 Wall Street analyzing GDP data from the Bureau of Economic Analysis.