The Real Deal Miami

Signs of state recession ending

May 05, 2009 11:44AM

Economists point to a boost in home sales and renewed confidence in stocks as signs that the economy is in a bottoming process and the recession is starting to end. That won’t mean a smooth or rapid rise to recovery, but unemployment should lessen eventually, government spending will play a bigger role in the state and consumer confidence will grow. However, Florida is traditionally one of the slowest states to recover, said Moody’s economist Chris Lafakis.