‘Enjoy the ride:’ Florida’s economy is expected to thrive. But here’s the catch

Florida’s “jumbo jet economy” is expected to do better than the rest of the nation in the upcoming years — though there are a couple of caveats, according to UCF economist Sean Snaith.

Snaith — the director of UCF’s Institute for Economic Forecasting — released his latest forecast for the state on Thursday morning.

According to the forecast, the huge influx of people into the state is set to keep GDP and job growth above the national average through 2027.

“Florida is going to keep cruising at a higher altitude than the rest of the country,” Snaith predicted. “That’s because the ‘twin engines’ of a robust labor market and population growth are propelling us forward.”