In this week’s Economic Report, Dr. Rick Harper discusses the latest report from the International Monetary Fund (IMF) projecting economic growth for 2014.
“It’s down somewhat...and a little disappointing” says Harper, noting IMF’s world GDP growth forecast of 3.4 percent for the remainder of the year. That's a little better than the 3.2% the world economy managed in 2013. However, their April forecast had been 3.6%. “So it’s a slight slowdown and we’re seeing that in a couple of different countries.”
Gas prices in Florida average $3.63 per gallon -- seven cents more than a week ago. That makes the Sunshine State the most expensive at the pump in the Southeast.
All of the usual suspects in early spring -- refinery maintenance, increasing demand and the switch to summer-blend fuel -- remain factors. But Mark Jenkins at AAA South in Tampa says other influences are making their presence known.