Forecast: What could go wrong?

All the economic indicators are positive for further economic growth in 2014.

Should you be worried?

People who are paid to worry include money managers such as Andrew Hill, president and co-founder of Andrew Hill Investment Advisors. The Naples investment adviser acknowledged there are risks to the positive economic outlook and rising financial markets.

At the top of Hill's worry list: domestic political issues, weather and natural disasters, military conflict in developing nations and a trade war with Asia. At a Jan. 7 gathering of the Institute of Management Accountants in Fort Myers, Hill says he's a little more concerned about these risks in 2014 than he was last year.

But despite these worries, Hill and Aysegul Timur, professor of economics at Hodges University, gave a generally upbeat outlook for 2014. They forecast moderate growth, a stronger U.S. dollar relative to trading partners, stable interest rates, tame inflation, falling unemployment and rising consumer confidence.

This bodes well for Florida, which is forecast to see population growth surpass New York to become the third most-populous state this year. Sunny weather, favorable tax rates and convenient air service to Southwest Florida should benefit the region, Hill says. “If there's money made elsewhere, it'll make its way to Florida,” he reasons.