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David Denslow on Last Week's Poll

'Florida is going to stay down for a while.'

By Carl Cronan | Updated on March 20, 2008

FLORIDA’S ECONOMY

An overwhelming majority of respondents (73%) to last week’s Quick Poll believe Florida’s economy will get worse before it gets better, while only about a quarter of them (27%) think the recovery is straight ahead. David Denslow, professor and research economist with the University of Florida Bureau of Economic and Business Research in Gainesville, is among that majority, having predicted earlier this year that a recession is all but officially declared in this state. To make matters worse, the Florida Agency for Workforce Innovation blamed faulty surveys for prior reports that the state gained thousands of jobs last year when those were actually lost. Denslow shares his thoughts on the Florida economic outlook:

“Florida is going to stay down for a while as a national recession is increasingly more likely. That’s going to make the adjustment of the residential market in Florida take much longer. Home prices will have to fall a bit more, and it will be longer before building starts picking up.

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