ORLANDO, Fla. – Despite Central Florida businesses shuttering or scaling back operations and the indefinite closure of the area’s major theme parks, a local economist predicts a swift rebound once COVID-19 is contained. “What we have right now is not a traditional recession that is born out of the natural movements of the economy,” said Dr.
Sean Snaith, the director of the University of Central Florida’s Institute for Economic Forecasting. “This really has nothing to do with businesses getting nervous about expanding and wondering if the demand is going to be there and start pulling back, and the sort of psychology that feeds into a natural recession.
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