Florida TaxWatch Offers Optimism for State's Economy in 2015

Florida TaxWatch released a report on Tuesday morning looking at how the Sunshine States economy will do in the new year. The report shows economic growth across the state, particularly in Naples-Marco Island and Palm Coast. The report also finds Floridas housing market is making a comeback.

"Florida had a very successful year in 2014, as shown by our state's latest revenue increases and jobs numbers, and Florida's economy and job growth should keep climbing in 2015," said Dominic Calabro, the president and CEO of Florida TaxWatch, on Tuesday. "Florida is making the right economic investments and we are consistently beating the rest of the nation in development and growth. Even our latest population numbers show that people want to be a part of what we're doing here in Florida."

Overall, the report is optimistic about the states economy over the year ahead.

Florida is expected to perform better than the U.S. and world economies in 2015, the report concludes. Growth in employment is mainly going to be driven by the construction, professional and business services, and the transportation, warehousing and utility sectors. Floridas housing market, although still facing high foreclosure activity, is expected to continue on its path of recovery through 2015. It is worth noting that the strengthening of the U.S. dollar and a slowing global economy may affect exports and the manufacturing industry, and these factors may influence the decisions of international visitors and homebuyers, but overall 2015 is shaping up as a sunny year for Floridas economy.

The report can be read here.