Wednesday, July 23, 2008

South Florida's Speedy Economic Turnaround



South Floridians everywhere are hurting due to a weak economy and high gas prices.

Fortunately, due to tourism and trade, Florida might be one of the first states out of the slump.

There is no question that the economy is not what it once was. South Floridians are cutting back on dining out and entertainment, causing trouble in the retail and restaurant industries.

However, relief may be on its way. Although America's economy is not projected to turn around until the end of 2009, most of the US is not blessed with our tourism and South American trade industries.

South Florida's beaches, night life and restaurants draw both domestic and international travel yearly. European tourism this year is projected to be especially profitable due to the Euro's strength versus the Dollar, which should pump money into the South Florida's industries hurting the most.

The entire article is available on CBS4.com

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