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2023 Business Outlook forecast will be presented in 9 Indiana cities

For Immediate Release Oct 26, 2022

BLOOMINGTON, Ind. — The Indiana University Kelley School of Business will present its 2023 economic forecasts for the nation, Indiana and communities across the state beginning with a presentation Nov. 10 in Bloomington.

The presentations will begin Nov. 10 in Bloomington. Photo by AdobeStock The presentations will begin Nov. 10 in Bloomington. Photo by AdobeStock

In their forecast, members of the panel will discuss economic trends for the coming year, as well as the outlook for the financial markets. The initial presentation will begin at noon at Shreve Hall, on the campus of Ivy Tech Bloomington, 200 Daniels Way.

The Kelley School of Business has presented the annual Business Outlook forecast around the state since 1972, based on research from its Indiana Business Research Center. The center has provided crucial economic information needed by many Indiana businesses, government and nonprofit organizations since 1925. The forecast draws upon econometric models developed by the Center for Econometric Model Research and the insights of a select panel of Kelley faculty members led by Indiana Business Research Center director Carol Rogers.

“In these uncertain times, the Kelley School wants to help Hoosier businesses understand the economy and make smart decisions for the coming year,” said event moderator Phil T. Powell, associate dean of Kelley academic programs at Indianapolis, academic director of the Indiana Business Research Center, and clinical associate professor of business economics and public policy. “Many people are anxious to know what lies ahead.

Phil Powell. Photo courtesy of the IU Kelley School of Business Phil Powell. Photo courtesy of the IU Kelley School of Business

“Our forecasts have always helped Hoosiers understand economic risk and plan for the next year, and helped communities remain globally competitive. Given the continued concerns over inflation, interest rates and a possible oncoming recession, our forecasts offer important insights for how to anticipate 2023.”

In addition to Powell, who will moderate the panel, and Rogers, other members of the Business Outlook Panel at Bloomington will include Kyle Anderson, clinical assistant professor of business economics and faculty chair of the Evening MBA Program, and Andrew Butters, assistant professor of business economics and public policy.

After the Bloomington event, Kelley faculty will present their forecast in eight other cities around the state. They will be joined by local panelists from other IU campuses and other universities, offering perspectives on the global, national, state, and local economies and financial markets. The tour is sponsored by the Kelley School of Business and its Indiana Business Research Center, the IU Alumni Association, IU campuses and numerous community organizations.

The tour will not include a forecast event in Indianapolis this year.

Indiana Business Outlook Tour schedule:

Bloomington

  • When: Noon Nov. 10; lunch begins at 11:30 a.m.
  • Where: Ivy Tech Bloomington, 200 Daniels Way.
  • Registration: Advance registration for the Bloomington event  is encouraged.
  • Sponsors: Bloomington Rotary Club and the Greater Bloomington Chamber of Commerce.

New Albany

  • When: 9 a.m. Nov. 14; breakfast begins at 8 a.m.
  • Where: IU Southeast, Hoosier Room, University Center North, 4201 Grant Line Road.
  • Sponsors: IU Southeast School of Business and First Harrison Bank.
  • Registration: Register on the IU Southeast website.

Columbus

  • When: Noon Nov. 14; lunch begins at 11:30 a.m.
  • Where: Nugent-Custer Performance Hall and Upper Lobby of The Commons, 300 Washington St.
  • Sponsors: Columbus Area Chamber of Commerce, Centra Credit Union, Indiana University-Purdue University Columbus Division of Business.
  • Registration: Register on the Columbus Chamber of Commerce website.

Kokomo

  • When: 8 a.m. Nov. 15; breakfast begins at 7:30 a.m.
  • Where: Kelley Center Room 130, 2300 S. Washington St.
  • Sponsor: IU Kokomo School of Business.
  • Registration: Register for the Kokomo event online.

Anderson

  • When: Noon Nov. 15; lunch begins at 11:30 a.m.
  • Where: Anderson Country Club, Stillwell Room, 602 Northshore Blvd.
  • Sponsor: Anderson Rotary Club.
  • Registration: Email Janet Brewer, jlbrewer@anderson.edu.

Richmond

  • When: 8 a.m. Nov. 16; breakfast begins at 7:30 a.m.
  • Where: IU East’s Whitewater Hall, 2325 Chester Blvd.
  • Sponsor: Kelley School of Business, IU East School of Business and Economics, IU Alumni Association East Region.
  • Registration: Register for the Richmond event through Eventbrite.

Jasper

  • When: Noon Nov. 17; lunch begins at 11:30 a.m.
  • Where: Klubhaus 61, Alpine Room, 2031 Newton St.
  • Sponsor: Rotary Club of Jasper.
  • Registration: Email Derek Budd at Eagle Crest Financial at derek@eaglecrestfinancial.com, or call 812-481-1553.

South Bend

Schererville

  • When: Noon Nov. 18; lunch begins at 11:30 a.m.
  • Where: Teibel’s Restaurant, 1775 Route 41.
  • Sponsors: Lake County Advancement Committee and IU Northwest School of Business and Economics.
  • Registration: Email Linda Gajewski at lgajewski@ccsj.edu, or call 219-473-4217.

Media Contact

IU Kelley School of Business

George Vlahakis

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