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Economic outlook panel to present local, state, national forecast

October 30, 2015

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 Tuesday, November 10.

Alan Krabbenhoft, dean of the IU Kokomo School of Business, joins economists from IU Bloomington to offer perspective on what lies ahead in 2016 for north central Indiana, the state, and nation. The tour includes stops in nine other Indiana cities.

"This is the time of year when businesses, government agencies and investors are making plans for the year ahead. The Business Outlook Panel will share the latest insights from IU experts with audiences throughout Indiana in the coming weeks," said Jerry Conover, director of the Indiana Business Research Center.

"Though the recovery from the Great Recession has progressed over several years, it has been a slow and often bumpy ride," Conover added. "Many factors, at home and abroad, make it challenging to know where the economy is headed. The Business Outlook Panel aims to clarify what to expect in 2016."

Krabbenhoft will share insight about the local and regional economy.

“We will focus on the recently-approved UAW and Fiat Chrysler labor agreement, the dependence on durable good manufacturing in our region, and agriculture production and the impact of the unusually wet spring on farming, among other topics,” he said.

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. Online registration is available at go.iu.edu/IDw For information about being a sponsor, contact Terri Butler, 765-455-9275 or tbutler@iuk.edu.

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, including Kokomo Grain Company and the City of Kokomo.

Indiana University Kokomo serves north central Indiana.

Last updated: 10/30/2015