Indiana Business Review articles from December 2001

Indiana Business Review archives from December 2001

Outlook for 2002.(United States economy)(Brief Article)
December 22, 2001... The year 2001 was supposed to be the 10th year of the long economic expansion that began in the second quarter of 1992. Instead, it will be recorded as part of the 2001-2002 recession. This is the third consecutive decade that started in...

The U.S. economy: the great expansion ends.
December 22, 2001... As we look at the economy in late 2001, after he terrible shock of September 11th, it is easy to see signs of a significant downturn. The National Bureau of Economic Research (NBER) has recently announced that a recession began in March of...

The international outlook.(economy)(Statistical Data Included)
December 22, 2001... Economic growth in the world in 2001 was projected at 2.6 percent (measured in terms of real GDP), compared to growth rates of 3.6 percent in 1999 and 4.7 percent in 2000. The International Monetary Fund in Washington forecasts world economic...

The financial market forecast.
December 22, 2001... A noted economist once said, "The five most dangerous words for investors are: This time really is different". So before trying to gaze into the crystal ball let's look backward and put the recent market performance in historical perspective....

The outlook for housing.(Statistical Data Included)
December 22, 2001... Activity in the nation's home building industry is expected to hold up fairly well against a general decline in economic growth during the final two business quarters of 2001. While the terrorist attack on America on September 11th has had a...

Indiana.(economic forecast for 2002)(Brief Article)
December 22, 2001... Indiana was hit hard by the recession in the early 1980s. From peak employment in mid-1979 to the low point in first quarter 1983, the number of jobs in Indiana fell by 14 percent. The state unemployment rate reached 12.7 percent by Christmas...

Anderson.(economic forecast for Anderson, Indiana and Madison County, Indiana)(Brief Article)
December 22, 2001... Sometime during 2001, or 2002 at the very latest, the historical relevance of manufacturing employment will take a back seat to retailing. The status of manufacturing, once the largest employment category for Madison county, will fall to third...

Bloomington.(economic outlook for Bloomington, Indiana)(Brief Article)
December 22, 2001... The headlines in Bloomington about layoffs and plant closings might lead you to believe the area entered a recession a year ago. So why has the unemployment rate in Bloomington been among the lowest of any metropolitan area in the state? How...

Columbus.(economic outlook for Columbus, Indiana and Bartholomew County Indiana)(Brief Article)
December 22, 2001... In the decade from 1990 to 2000, Bartholomew County was one of the fastest growing counties in Indiana in terms of population. A 12 percent jump in the number of residents placed the county 26th overall out of 92 counties, and that rank rises...

Evansville.(University of Evansville School of Business' economic report)(Brief Article)
December 22, 2001... Economic activity, as measured by the index kept at the University of Evansville School of Business, continued its expansion through the year 2000. The index, shown in the table below, stood at 110 at year-end compared to 105 in the year prior....

Fort Wayne.(economic outlook for Fort Wayne, Indiana)(Brief Article)
December 22, 2001... The new world of the U.S. economy--the post September 11th terrorist-attack economy--looks similar to the old world of the Fort Wayne area economy. Stated differently, it is now a given that the U.S. economy cannot escape recession, but the...

Gary.(Gary, Indiana, economic forecast)(Statistical Data Included)
December 22, 2001... In 2001, northwest Indiana (Lake and Porter Counties) experienced a noticeable decline in total employment and in manufacturing employment (especially in steel); clearly, the recession that we believe has hit the U.S. economy arrived here some...

Indianapolis.(economic outlook for Indianapolis, Indiana)(Brief Article)(Statistical Data Included)
December 22, 2001... As of the week of September 11th, Indianapolis employment was still running ahead of the same month a year earlier (see Figure 1). More recent data are not available as we go to press. [FIGURED 1 OMITTED] The nine county metro area had...

Kokomo.(economic forecast for Kokomo, Indiana)(Brief Article)
December 22, 2001... Kokomo's economy is heavily weighted towards manufacturing. Unfortunately, this is one of the areas of the economy that has been hardest hit since the events of September 11th and by the general economic slowdown affecting the country prior to...

Lafayette.(economic forecast for Lafayette, Indiana)(Brief Article)(Statistical Data Included)
December 22, 2001... Which metropolitan area in Indiana has the strongest economy? Of all the metro areas apart from Indianapolis, Lafayette probably turned in the best performance during the long economic boom of the 1990s. The Indianapolis metropolitan area...

Muncie.(economic outlook for Muncie, Indiana)(Brief Article)
December 22, 2001... Sometimes circumstances can turn a weakness into a strength. Muncie's weakness is that despite all the economic virtues the area can claim, Muncie cannot seem to attract new residents. The Muncie MSA, which includes all of Delaware County, was...

New Albany and Louisville MSA.(New Albany, Indiana; Louisville Metropolitan Area, Kentucky)(Statistical Data Included)
December 22, 2001... In the year 2001, economic activity in southern Indiana and the Louisville metropolitan area continues to defy national economic trends. Continued employment losses and increases in the unemployment rate in the Louisville area were not as...

Richmond.(economic outlook for Richmond, Indiana metropolitan area)(Statistical Data Included)
December 22, 2001... The Richmond-Connersville-New Castle (RCNC) area economy can expect a rebound in 2002. The erstwhile slowdown or current downturn in the United States economy is affecting local employment, income and growth. The manufacturing sector is in...

South Bend/Mishawaka Elkhart/Goshen.(South Bend and Elkhart, Indiana metropolitan areas)(Statistical Data Included)
December 22, 2001... In the early 1950s, both the South Bend-Mishawaka and Elkhart-Goshen local economies featured very strong manufacturing sectors. More than half of all employment in both economies was in manufacturing. In the 1960s and 1970s, employment in the...

Terre Haute.(economic outlook for Terre Haute, Indiana)(Brief Article)
December 22, 2001... Terre Haute was one of the first Indiana metropolitan areas to feel the effects of the 2001-2002 recession. The level of payroll employment in Terre Haute declined steadily beginning in early 2001. The recession is likely to be more severe in...

2001 business outlook panel summary for 2002 Kelley School of Business Indiana University.(Brief Article)
December 22, 2001... * As in every year, unexpected events provide risks for our forecasts. Crises in developing countries could deepen and spread, leading to a severe cutback in U.S. exports. The events of September 11th, 2001 continue to unfold and challenge us...