NAVIGATION

September 23, 2017

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

Why Florida Residents Couldn’t Use Solar Power After Irma Knocked Out The Power
Why Florida Residents Couldn’t Use Solar Power After Irma Knocked Out The Power

In Florida, even though many residents without electricity own solar panels, they couldn’t use them as backup after Hurricane Irma knocked out power.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Are you thinking of freezing your credit, after the massive Equifax hack?

  • Yes, and already done so
  • Yes, thinking of it
  • Unsure, need to understand issue better
  • No

See Results

Ballot Box
Subscribe