Photo Credit: Florida Community Loan Fund
Debt crises in Europe and a struggling housing market at home will remain a drag on the Florida economy for the foreseeable future, state economists said Monday during a meeting to adjust their long-term economic forecast.
The imminent debt troubles of Greece and Spain will keep the euro weak and the U.S. dollar strong, making U.S. exports less desirable to Europe but also making it more expensive to travel to Florida. That led economists to lower their previous forecast of a 2.1 percent increase in overall tourists for the current fiscal year to 1.7 percent.
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