Outlook 2004

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The Big Picture Outlook for 2004 By R. Jeffery Green The U.S. Economy By Willard E. Witte The International Economy By Andreas Hauskrecht Financial Forecast By John A. Boquist and William L. Sartoris Housing By Jeffrey D. Fisher Corporate Governance and Reporting By Gilbert F. Viets Indiana By Jerry N. Conover and James C. Smith Indiana Metro Areas Anderson By Barry C. Ritchey Bloomington By Morton J. Marcus Columbus By James C. Smith Evansville By M. Gale Blalock Fort Wayne By Thomas L. Guthrie Gary By Donald A. Coffin Indianapolis By Morton J. Marcus Kokomo By Kathy Parkison Lafayette By Carol O. Rogers Muncie By Patrick M. Barkey New Albany By Dagney Faulk Richmond By Ashton I. Veramallay South Bend/Mishawaka and Elkhart/Goshen By Paul A. Joray and Paul S. Kochanowski Terre Haute By Carol O. Rogers Summary Outlook Summary for 2004

For the Record

War. Capture. Plant closings. The digital economy. Flu. Life sciences. An aging baby-boom. Prescription drug bill. A beloved Governor dies. An ex-POW takes the reigns. Morton Marcus “retires” after three decades of service to Indiana, but continues to expound on the good and bad about our state. What a year 2003 has been. What ups and downs will 2004 bring? These pages can’t provide an answer to that question. But a cadre of economists provide us with insights into what 2004 will bring in terms of economic growth—worldwide, nationally, and within the environs of Indiana itself. These experts from our institutions of higher education bring a wealth of expertise to the question of how the economy will perform in the coming year as we work through what is dubbed the jobless recovery, a phrase that evokes both concern and optimism. Read on and learn what 2004 may bring.

Please note that more information on the Lafayette and Terre Haute economies is available on the Web at www.ibrc.indiana.edu/ibr. Your comments are most welcome. —COR