Economists make small changes in Florida forecast

Published: Friday, November 16, 2012 at 5:04 p.m.
Last Modified: Friday, November 16, 2012 at 5:04 p.m.

TALLAHASSEE — State economists are making only relatively small changes in Florida's improving forecast, but the federal government's so-called fiscal cliff could change that.

Legislative and executive branch economists met Friday to update the economic estimate. It will form the basis of a state revenue estimate they'll make on Dec. 13, which Gov. Rick Scott will use for his budget recommendations to the Legislature next year.

The economists are still estimating a slow, steady improvement through 2022. Job growth of about 1 percent and total employment of 8 million are expected in 2013. Employment is forecast to reach about 8.5 million in 10 years.

How and if Congress reaches an agreement to stave off the fiscal cliff — tax increases and sharp spending cuts —could dramatically change the state forecast.

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