Economy
Floridians Should Be 'Concerned, Not Panicked' About Coronavirus, Says Economist
The probability of a state recession has also increased to 24.1 percent.
Florida Chamber Foundation chief economist Dr. Jerry Parrish says Florida should be “concerned, but not panicked” about the coronavirus’ threats on Florida’s economy, the Florida Chamber said in a press release. According to Parrish, Florida’s most vulnerable industries include international visitors, cruise passengers, imports/exports and manufacturing jobs; he added that the probability of a state recession over the next nine months has increased to 24.1 percent, compared to 19.7 percent in January 2020, with the 10-year government bond and three-month T-bill now showing an inversion.