Growth in Florida economy to slow over next 5 years: Report

Florida’s economy is set to return to pre-pandemic levels following dramatic gains in recent years, according to Florida TaxWatch, a nonprofit government watchdog and taxpayer research institute. 

That was one of the findings in the organization’s recently released economic forecast, which projects trends through the next five years.

“Fueled by a strong global presence in tourism, trade, and real estate development, Florida’s economy has grown to nearly $1.5 trillion,” Florida TaxWatch President and CEO Dominic M. Calabro says in a statement. “Despite this impressive growth, Florida slipped from the 15th largest economy in the world to the 16th, which is why Florida TaxWatch continues to examine if Florida’s impressive economic growth is sustainable over the next several years.”