Indiana projected to trail national growth rate next year
INDIANAPOLIS (AP) — Indiana University economists are projecting that the state won’t keep up with national economic growth over the coming year.
The Kelley School of Business’ annual economic forecast for 2020 expects Indiana to see about 1.25% growth, trailing the 2% national growth rate. The economists say that’s because Indiana remains the state with the highest percentage of jobs in manufacturing and those companies are having trouble hiring more workers.
Finance professor Ryan Brewer says the state’s tight labor market will hold down growth in economic output and employment.
The forecast expects stronger growth in the Indianapolis area of between 1.5% and 2% as it is doing better at attracting talent and investment.