Florida’s economic growth is expected to slow over the next few years. But don’t panic — things are actually just returning to normal.
A study by nonpartisan Florida TaxWatch reports that the state’s real GDP is expected to grow by between 1.6% and 1.9% each year through 2028. This is a slowdown from years past, but it’s more of a reversion to the state’s pre-pandemic growth rates. Also fueling this is a predicted slight slowdown in the state’s population growth during the years to come.