TALLAHASSEE, Fla.— Three renowned economists agree Florida's boom days are over and that the state's recovery from the recession is likely to take awhile.
Economist Kevin Hassett of the American Enterprise Institute said Thursday that Florida is one of the states facing difficulty going forward following a 20-month national recession that wreaked "an astonishing period of economic misery."
Hassett told lawmakers that even if the recession was declared over in August, the risk of calamity remains.
"Gloomy," state Sen. Evelyn Lynn, R-Ormond Beach, said afterward. "What to do?"