Florida Economic Forecast: Q4 2024

2024-2030

2025 Economic Forecast - 2024 Q4 Cover

Florida TaxWatch’s report, 2025 Economic Forecast - 2024 Q4, examines Florida's economic outlook amid evolving market conditions. The report analyzes key indicators such as employment trends, GDP growth, and consumer spending, providing insights into Florida’s economic trajectory as the state navigates post-pandemic recovery and future challenges.

By evaluating current economic data and trends, the report offers policy recommendations aimed at fostering sustainable growth, enhancing job opportunities, and maintaining economic stability. The insights presented are crucial for policymakers, business leaders, and the public as they plan for the future.

Meet the Author:

Jui Shah
Jui Shah
Research Economist | Lead Author
LinkedIn

Documents to download

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The Potential Impacts of New Tariffs on Florida’s Economy

The Potential Impacts of New Tariffs on Florida’s Economy

On April 2nd, 2025, a universal 10 percent tariff on all countries was announced by the federal government, with a few countries facing additional reciprocal tariffs of up to 50 percent. A week after the announcement, due to intense volatility in the bond market, a 90-day suspension on the tariffs was announced, with the exception of a 145 percent tariff on certain Chinese goods.

 

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How Childcare Costs Impact Florida’s Economy

How Childcare Costs Impact Florida’s Economy

The impact of childcare, as the data suggest, is prominent on Florida’s economy. Losses incurred from turnover and absenteeism of working parents can be avoided with friendlier workplace policies and higher investment in affordable childcare. As an important part of the industry, treating childcare workers better financially can help maintain the workforce in childcare and add to the economy of Florida. Impactful measures that can alleviate the pressing childcare issues mentioned can further grow Florida’s economy.

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