Follow The Republic:
Five years after a banking crisis sent the national economy into a tailspin, the U.S. is again faced with the threat of fiscal turmoil as government leaders squabble over the debt ceiling and the federal budget.
Against this backdrop of uncertainty and government gridlock, economists from Indiana University’s Kelley School of Business will head to Columbus early next month to provide a forecast of what’s ahead for Indiana, the Columbus area and the nation in 2014.
The local event, sponsored by the Columbus Area Chamber of Commerce and IUPUC, will take place at 7:30 a.m. Nov. 7 in the Columbus Learning Center, 4555 Central Ave.
The outlook panel focuses largely on the world and national economies, housing and agricultural issues. The format allows participants to take questions from the audience at each session.
Jerry Conover, director of the Indiana Business Research Center at the Kelley School of Business, said there has been some improvement in the state’s manufacturing sector, but many Hoosiers — including small-business owners — remain cautious about making big purchases.
“Though growth has picked up recently, the economy is still far weaker than we’d like to see,” Conover said in a news release announcing the tour. “Unemployment persists at uncomfortably high levels, and Congress has yet to agree on policies that would reassure businesses, investors and the public.”
IU experts will start their nine-city tour Nov. 6 in Indianapolis and Bloomington. Panelists on the tour, which runs through Nov. 18, will vary city by city.
In Columbus, financial experts taking part are:
Theresa Williams, clinical associate professor of marketing and director of the Center of Education & Research in Retailing at IU.
Ellie Mafi-Kreft, clinical assistant professor of business economics.
Charles Trzcinka, the James and Virginia Cozad Professor of Finance at IU.
Since 1972, the Kelley School of Business has presented national, state and local
forecasts through a series of presentations in cities throughout the state.
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. A similar econometric model of Indiana creates a corresponding forecast for the state’s economy for the next year.
This year, IU is inviting people to submit questions in advance for panelists via Twitter at @IUibrc.
Think your friends should see this? Share it with them!
Note: All comments left on our sites are first reviewed by an automated comment moderation system. Your comment may take up to 5 minutes to appear. If for any reason your comment can not be approved you will receive an email from this system with a detailed explanation.
All content copyright ©2013 The Republic, a division of Home News Enterprises unless otherwise noted.