Five years after the financial crisis sent the U.S. economy into a tailspin, the nation’s recovery from recession is still tentative and concerns about fiscal leadership remain in light of the federal government shutdown. In their annual forecast tour of the state, economists at Indiana University’s Kelley School of Business will report what lies in store for Indiana and the nation as Hoosiers look ahead to 2014.
The Kelley School’s Business Outlook Tour begins with a presentation at 7:30 a.m. Wednesday, Nov. 6, in Indianapolis at the Columbia Club, 121 Monument Circle. The panel also will make presentations in eight other cities across Indiana, including Fort Wayne, Schererville, Columbus and South Bend.
Jerry Conover, director of the Indiana Business Research Center at the Kelley School, said that despite some improvement in the state’s manufacturing sector many Hoosiers — including small-business owners — remain cautious about opening their wallets for major purchases.
“Though growth has picked up recently, the economy is still far weaker than we’d like to see. Unemployment persists at uncomfortably high levels, and Congress has yet to agree on policies that would reassure businesses, investors and the public. While Indiana’s economy shows many signs of strength, our state is also vulnerable to unstable economic winds.”
Since 1972, the Kelley School of Business has presented its national, state and local forecasts through a series of presentations in cities throughout Indiana. At each presentation, the panel features faculty members from the Kelley School and IU, plus local panelists from other IU campuses and other universities, offering perspectives on the global, national, state and local economies and financial markets.
In addition to Conover, appearing at the Indianapolis presentation will be:
- Kyle J. Anderson, clinical assistant professor of business economics
- Robert Neal, associate professor of finance
- Willard Witte, associate professor emeritus of economics and co-director of the Center for Econometric Model Research.
- Ken Carow, associate dean of the Kelley School-Indianapolis, will moderate the discussion and public question-and-answer session.
The tour is sponsored by IU’s Kelley School of Business, the IU Alumni Association, IU campuses and numerous community organizations. For a complete listing of tour cities, dates, times, locations, and registration information, click here.