KOKOMO, Ind. — Get a look at the economic forecast for the local, state, and national economy, as the Indiana University Kelley School of Business brings its annual Business Outlook Tour to IU Kokomo on Thursday, November 13.
Kathy Parkison, interim vice chancellor for academic affairs and professor of economics, joins economists from IU Bloomington to offer perspective on what lies ahead in 2015 for north central Indiana, the state, and nation. The tour includes stops in nine other Indiana cities.
“This event should not be missed,” said Alan Krabbenhoft, dean of the IU Kokomo School of Business. “The speakers will offer a wealth of information regarding many aspects of the national, state, and local economy that are relevant to the well-being of their businesses and their communities, as well as their own personal financial well-being.”
The event is from 7:30 to 9 a.m. in the Kelley Student Center, Room 130. Cost is $20 per person, and sponsorships are available. To register, go to http://go.iu.edu/g5X For information about being a sponsor, contact Terri Butler, 765-455-9275 or firstname.lastname@example.org
Jerry Conover, director of the Indiana Business Research Center at the Kelley School of Business, said that although both the state and national economies have recouped much of the loss sustained during the Great Recession, “we’re still not on reliably firm footing.”
“The slow economic recovery continues with respectable job growth tempered by slow growth in wages,” Conover said. “Recent volatility in financial markets underscores investor uncertainty. Though the U.S. economy has made notable progress, nervousness about foreign economies could easily rock our boat.”
Since 1972, the Kelley School of Business has presented its national, state and local forecasts through a series of presentations in cities throughout Indiana.
The starting point for the forecast is an econometric model of the United States, developed by IU's Center for Econometric Model Research, involving hundreds of statistical equations to develop a national forecast for the coming year. A similar econometric model of Indiana provides a corresponding forecast for the state and metro-area economies, based on the national forecast and data specific to Indiana. The Business Outlook panel then adjusts the forecasts to reflect additional insights the panelists have on the economic situation.
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.
The tour is sponsored by IU's Kelley School of Business, the IU Alumni Association, IU campuses, and numerous community organizations.
Indiana University Kokomo serves north central Indiana.