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Home > FYI > Kelley economic forecast? Consumer is key. | |
| The national economy will continue to recover from recession in early 2003 and will avoid a “double-dip” downturn that had been feared by some economists, according to a forecast by the Indiana University Kelley School of Business’ Business Outlook Panel.
In Indiana, the annual Business Outlook Panel, which has made stops throughout the state this month, indicates that total employment and the economy will improve, but funding for services provided to Hoosiers by state and local governments will lag behind. According to the forecast, the national economy will continue to grow next year at this year’s rate, with the consumer continuing as the key to growth. Investment spending by firms, which plunged during the recession, should stabilize and begin to grow. The gross domestic product is expected to increase by 3.2 percent next year. The Business Outlook Panel, an initiative begun to bring economic information to the state’s business communities, is now in its 30th year. Access an online audiostream of the Kelley School’s panel presentation, recorded Nov. 7: The Business Outlook Panel will make two more appearances, both on Tuesday (Nov. 19): 7:30 a.m., Hoosier Room, IU Southeast in New Albany (812-941-2362); and 11: 20 a.m. at the Executive Inn-Downtown, Evansville (812-858-3872). http://newsinfo.iu.edu/news/page/normal/640.html
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Publication date: November 26, 2002
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