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RETURN TO NEWS INDEX Economist sees positive signs for Tampa
By Mark Holan
Tampa Bay Business Journal
Published: Jun 5, 2013
The Tampa Bay and Florida economies are "bouncing back nicely†and "the future looks brighter than it has in years,†economist Anirban Basu told CREW Tampa Bay's 5th annual Economic Summit.
He said federal spending cuts and unknown international events could slow the "modest recovery†but would not stop it from inching forward.
Basu, CEO of Sage Policy Group in Maryland, said that Tampa Bay's 3.1 percent growth from April 2012 to April 2013 was nearly double the state and national rates.
He said banks are seeing stronger demand for commercial real estate loans and are easing lending standards.
Housing, consumer spending, stocks and energy are the most vigorous segments of the economy, he said.
The roughly 2 percent annual growth rate of the U.S economy, though not nearly as strong as years past, is better than most developed nations.
"We're the least worst,†Basu said. "We're the tallest dwarf.â€
Mark Holan's beats include commercial real estate and residential real estate.
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