The most recent economic forecast from the Indiana University Kelley School of Business suggests Indiana’s economy will continue to outperform the rest of the nation.
The results, released last week in Indianapolis and Bloomington during the first legs of Kelley’s statewide Indiana Business Outlook Tour, include the prediction that Indiana’s economic output will grow 3.2 percent in 2019. Additionally, forecast author and Indiana University-Purdue University Columbus Associate Professor of Finance Ryan Brewer anticipates “across-the-board” growth in areas such as jobs, income levels and wages.
This story by Dan McGowan originally appeared in Inside Indiana Business.
The report suggests other categories that could expand in the state include numbers of establishments and gross state product. Brewer adds “the state economy appears poised to see its strongest growth in the first quarter of 2019, after which growth rates are expected to slow but remain strong through the end of the year.”
Indiana Business Research Center Director Jerry Conover said, overall, the outlook paints a “relatively optimistic” picture for 2019.
“We have seen that the tax cuts that were implemented this past year have sped up growth in the U.S. economy somewhat, so we think we’re going to be doing better than our long-run average in terms of economic growth, partly as a result of those tax cuts,” he said.