Miami, Again, Among 20 Worst Economically Performing Metro Areas
Florida dominates the list of 20 metropolitan areas still struggling to make an economic turnaround. Eight Florida areas make up the bottom rung of worst-performing cities in Brooking's latest MetroMonitor Report.
"Eight of the 20 metro areas that had the worst economic performance in
the recession are in the South, all in Florida. These areas suffered severe employment, output, and home value declines over the past year due to the broader housing fallout, the decline of long-distance tourism during the recession, and delayed retirement resulting from the general decline in financial wealth, which has reduced in-migration and housing demand," reads the report.
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