No Florida recession, Fed index says

Despite gloomy warnings, a leading index created by the Federal Reserve predicts more growth for Florida’s economy. The numbers says the U.S. will avoid recession, too.

Florida should avoid a recession through the start of 2012, even as some state economies show signs of shrinking, according to a Federal Reserve index.

The Philadelphia Fed’s leading index of state economies showed Florida dropping slightly in August, but still in positive territory. That means the index predicts Florida’s economy will continue growing for at least six months.  Read More

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