None of Coral Gables’ Economic Sectors are Expected to Recover Soon

Isn’t it time for someone in Coral Gables to make a city-wide effort to promote new and more dynamic leading sectors.  All of our main sectors are in the “doldrums”.  Will Coral Gables stay in the doldrums for a long time–I guess that is highly likely.

“We’ve got a lot of stuff going for us,”…

“but construction and real estate will be in the doldrums for quite some time.”

“We will be dragged down by the problems in real estate and construction,”…

“Other areas that are lagging include financial institutions, where there has been a lot of consolidation, and also professional services such as attorneys, accountants and engineers. The volume of their business based on employment is still in negative territory.”

via Pulling out of the downturn fastest: healthcare, tourism, education, government.

About Stephen E. McGaughey
Resident of the City of Coral Gables

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