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PBC's Economy Set to Outpace Fla, Nation

PBC's Economy Set to Outpace Fla, Nation

Palm Beach County's economy is set to outpace Florida and the nation, according to the forecast of a TD Bank economist. 

During a a meeting of the county's Business Development Board last week, Beata Caranci predicted annual growth of 3.7 percent here, compared with projected growth rates of 3.2 percent for the state and 2.7 percent for the country. 

The Palm Beach Post reports the factors that will boost Palm Beach County's economy include a strong rebound in the housing market, more wealthy folks moving here and an unlikely demographic trend. Florida is outpacing the nation in population growth for people ages 25 to 34, which reverses a trend in which young adults leave our state for jobs. 

Image: Thinkstock

 

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