Indiana’s outlook for 2023
The Indiana economy is expected to have a relatively flat trajectory in terms of output in 2023, while confronting a real possibility of shedding jobs.
U.S. outlook for 2023
Optimistically, the U.S. economy could experience below-trend growth of 1% to 1.5% in 2023, but there is also a scenario in which the national economy experiences negative growth and a recession in the coming year.
Affordability concerns weigh on Indiana housing market outlook for 2023
Significant declines in single-family housing starts and existing home sales are expected in the U.S. housing market in 2023, while the rate of house price appreciation will be essentially flat.
International outlook for 2023
The IMF expects 2.7% growth in the global economy in 2023, but that outlook has become more pessimistic recently due to increases in interest rates and geopolitical shocks that might unsettle financial and energy markets.
Financial markets in 2023: Aggregate demand and inflation
For the U.S. financial market, the return to equities is expected to be flat and well below the 7% average return over the past 50 years, and there is a significant chance of a negative return.
