KOKOMO, Ind. — Planning ahead for 2017 is challenging for local business and government leaders, not knowing yet how the November elections will impact the economy.
Economic experts will offer their forecast for the coming year, factoring in the elections, when the Indiana University Kelley School of Business brings its annual Business Outlook Tour to IU Kokomo on Thursday, November 10.
Alan Krabbenhoft, dean of the IU Kokomo School of Business, joins economists from IU Bloomington and IUPUI, to offer perspective on what lies ahead in 2017 for north central Indiana, as well as statewide and nationally. The tour includes stops in nine other Indiana cities.
“Given the timeliness of this presentation, just two days after the national election, where key national and state offices will be filled, the information provided by our speakers will be highly enlightening,” he said. “The School of Business is pleased to partner with the Kelley School to give our local audience the opportunity to hear firsthand how experts view the global, national, state, and regional economy.
Jerry Conover, director of the Indiana Business Research Center, said the current election cycle presents unique challenges.
“In this election year, the task is especially challenging due to the turbulent and unpredictable campaigns for the presidency, congressional races, and Indiana Statehouse offices,” he said. “The Business Outlook panelists will share their insights on how the election could impact the economic environment in the coming year.”
Panelists in addition to Krabbenhoft include Kyle Anderson, clinical assistant professor of business economics, Cathy Bonser-Neal, associate professor of finance, and Rob Neal, professor of finance.
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 event is from 7:30 to 9 a.m. in the Kelley Student Center, Room 130.
Registration online is available online through Friday, October 28, at $20 per person. For information about sponsorship, contact Terri Butler at email@example.com or 765-455-9275.
Indiana University Kokomo serves north central Indiana