NewsPublic Affairs / November 4, 2016

Report Says Indiana Could Shrug Off Any US Economic Slowdown

Report Says Indiana Could Shrug Off Any US Economic SlowdownThe Kelley School of Business' annual economic forecast, released Thursday, shows demand for Indiana-made goods could help the state evade the nation's economic doldrums. Indiana University, Kelley School of Business, Indiana economy, economic forecast2016-11-04T00:00:00-04:00
Report Says Indiana Could Shrug Off Any US Economic Slowdown

An economic forecast from IU's Kelley School of Business shows demand for Indiana-made products may be strong enough to help the state shake off a national economic slump.

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INDIANAPOLIS (AP) — An economic projection by Indiana University shows that the state's economy is expected to remain solid next year despite a possible slowdown nationwide.

The Indianapolis Star reports that the Kelley School of Business' annual economic forecast, released Thursday, shows demand for Indiana-made goods could help the state evade the nation's economic doldrums. Indiana also benefits from having a diversified manufacturing base, including the production of advanced materials such as pharmaceuticals.

The report says some of the state's strongest economic activity comes from the Indianapolis area.

Bill Witte, associate professor emeritus of economics, says the U.S. economy has underperformed during 2016, but that the economy will match next year and could possibly do a little better.

The experts project the nation's output growth to average slightly above 2 percent in 2017.

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