FGCU Business School dean says there's 'reason to think economy will sour in 2023'

1. Back when my bread and butter involved research presentations on the regional economy, I’d often argue that Florida’s economic relationship with the rest of the country was like that of a dog and her tail. When the dog was happy, the tail would wag. But when the dog was sad, the tail would hide. The analogy works if you think as the U.S. economy grows, Florida’s economy tends to grow at even faster rates. But when it contracts, Florida tends to contract even more.

In economic language: we overheat during booms and overcorrect during busts. When you think about the wealth effects resulting from a strong national economy, it isn’t a stretch to note they are not exactly distributed equally in each of the 50 states. They benefit some states more than others and of these, Florida benefits more than most.