News » Local

Indiana Economists Predict Weak Recovery In 2010

By Scott Sarvay

Indiana Economists Predict Weak Recovery In 2010

June 18, 2010 Updated Nov 5, 2009 at 11:25 AM EST INDIANAPOLIS (AP) - Indiana University economists predict a weak recovery in 2010 as the state and nation begin to recuperate from one of the worst recessions since World War II. The panel from the Kelley School of Business released its forecast Thursday at the Columbia Club in downtown Indianapolis. The forecast projects growth will top 3 percent next year, but said that increase would only be over the recession's already low level of output. The economists expect the jobless rate to remain at 9 percent or higher throughout next year. Consumer spending is expected to remain tight and small businesses will find it hard to finance expansion. Economist Bill Witte says he has long-term concerns about the economy due to increased federal deficits. (Copyright 2009 by The Associated Press. All Rights Reserved.)
RSS Stay up to date, subscribe to the Local & Regional RSS Feed. Click to find out about RSS.

What are your thoughts on this story? Leave us "Your 2 Cents."


What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from Indiana's NewsCenter are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!
Powered by Summit City Chevrolet



© Copyright 2011 A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.