- Florida's economy grew 1.4% in 2010 after declining for two years, but personal income fell in Q3 2011 for the first time since 2009. Unemployment remained high at 9.9% in December 2011. - While housing sales and permits have increased year-over-year, foreclosure rates remain high and home prices are flat. Population growth is expected to increase to around 1.1% by 2030, fueling economic growth. - The recovery has been slow as the state has yet to regain the 779,700 jobs lost. Challenges remain such as high unemployment, tight credit conditions, and problems in the Eurozone economy.