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August 6, 2010 7:04 AM

With BP oil well capped, Florida looks for business to rebound

In June, Sean Snaith ran the numbers and concluded the Gulf oil crisis might cost Florida's economy $11 billion. This week, the University of Central Florida economist dialed back that nightmare scenario and says the damage will probably be about 80 percent less. Snaith's revised math may be an academic exercise. But it also reflects a hope across the Gulf Coast that the coming weeks will bring a brighter outlook for a battered economy.

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