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Economic Outlook 2009
CEO Survey results - U.S. Economy
| Do you think the U.S. economy’s performance will improve, deteriorate or remain stable in 2009? | |||
| 2008 | 2007 | Change from 2007 (% pts.) |
|
| Improve | 28% | 17% | +11.5 |
| Deteriorate | 39 | 38 | +0.7 |
| Remain stable | 28 | 43 | -14.9 |
| Don’t know/not sure | 5 | 2 | +2.7 |
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Dr. Win Philips
University of Florida
Vice President for Research
Gainesville
I suspect that, at best, the economy will stabilize next year. The issues and factors that have caused the downturn are too numerous and too complex to allow correction in the near term. The University of Florida will undergo some fiscal challenges, but research and enrollment pressures will remain strong. Obviously, the financial sector needs to recover from a serious downturn before other enterprises can benefit. The manufacturing sector and capital-intensive industries will remain seriously challenged. Borrowing to maintain inventory will be difficult and, of course, consumer spending will be slow to recover. While Florida has a stressed economy, it should recover in step with the larger national scenario. I am not an economist, but money needs to become more available for investment, loans, technology development and research.
CEO Survey results - Economic Impact
| What one factor do you see as having the most impact on Florida’s current and future business climate? | |
| 2008 | |
| Housing market | 55% |
| Credit crunch | 28 |
| Recession | 10 |
| Price of oil | 4 |
| Devaluation of the dollar | 2 |
| Foreign competition | 1 |
