• Many uncertainties cloud the future of the war in Ukraine. Economic analyst Hank Fishkind says that from a purely financial perspective, if Russia’s attacks stay inside Ukraine’s borders – including cyberattacks – the effects on Central Florida’s economy will be “modest.”
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• Property insurance rates have been skyrocketing in Florida for the last five years, with many companies canceling people’s policies, leaving the state, or going out of business.
Fishkind talks about why property insurance rates are climbing while availability is shrinking, and what can be done.
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• The Champlain Towers condominium building collapse in South Florida killed 98 residents last June. Legislative changes for Florida’s building safety are pending, but economic analyst Dr. Hank Fishkind says they are too slow to deal with a problem this immediate, and this big.
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• Economists expected weak US job growth at best in January as Omicron surged, but a new report shows the economy added a significant 467,000 jobs instead. Tourism numbers are also sky-high, but so’s inflation…and the unemployment rate also ticked up a little. Economic analyst Dr. Hank Fishkind explains what this all means for Central Florida.
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• As expected, last week the Federal Reserve confirmed its plans to raise interest rates and shrink the money supply as soon as early March. Economic analyst Dr. Hank Fishkind explains how soon the rates will rise, and how that will affect Central Florida.
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• Florida’s job growth seemed to fall off a cliff in December – just under 12,000 jobs were created, compared to 50,000 in November. Economic analyst Dr. Hank Fishkind tells us what’s behind the slowing growth, how worried we should be about it, and what’s coming next.
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• Economic growth has rebounded strongly, but the recovery remains incomplete. Across the country, employment is still two percent below pre-pandemic levels. Florida has done better recouping at the state level, recovering 99% of the jobs lost. But economic analyst Dr. Hank Fishkind says the recovery is still incomplete in Florida, as well…and especially here in Central Florida because of our tourism-centric economy.
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