September 4, 2015

Economic Outlook 2009

| 1/1/2009

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

Dr. Win Philips
Viewpoint U.S. Economy
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

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Virtual Tour of Tampa International Airport Expansion
Virtual Tour of Tampa International Airport Expansion

From the rental car center to people mover to baggage claim, Tampa International Airport takes you on a virtual tour through its historic Master Plan expansion.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Will you labor on Labor Day?

  • Yes, I work on Labor Day.
  • I won't be working, but have a lot of stuff to do.
  • No, looking forward to a day off, relaxing!

See Results

Ballot Box
Subscribe