Outlook 2005 (Winter 2004)
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The Big PictureOutlook for 2005 The U.S. Economy The International Economy Financial Forecast Housing Indiana Indiana Metro AreasAnderson and Muncie Bloomington Columbus Evansville Fort Wayne Gary Indianapolis Kokomo New Albany Richmond South Bend/Mishawaka and Elkhart/Goshen Terre Haute Summary |
For the Record
The forces of nature (read weather) and man (read war, oil prices, and interest rates) make forecasting a challenge, to put it mildly. A particularly harsh winter, unstable oil prices, a devalued dollar, and lingering problems in Iraq can wreak havoc on our economists’ and econometricians’ meticulously researched and modeled predictions. But the need of Indiana’s businesses and policy makers for insight into the probable direction of our economies has long compelled us to publish these economic insights from some of the best economic minds at Indiana’s universities. The Kelley School of Business faculty (with the blessing and encouragement of Dean Smith) travel throughout Indiana each year, partnering with local economists to share their expertise with thousands of Hoosiers, and now with many more thousands as we print their work in this, the forty-ninth annual outlook edition of the Indiana Business Review. —COR