COLUMBUS, Ind. — A raging pandemic, in addition to the continued prospect of recent rounds of shut downs and an deadlock in Congress over a stimulus package deal to assist tens of millions of Individuals have made it arduous to forecast what’s in retailer for the native, state and nationwide economies.
“Frankly, I don’t have a clue this yr,” mentioned Invoice Witte, a former economics professor at Indiana College who continues to be concerned with the IU Heart for Econometric Mannequin Analysis.
Witte was certainly one of 4 consultants who supplied a tentative outlook for the way Indiana, the nation and Columbus may recuperate from the colossal financial shock of the pandemic throughout Tuesday’s 2021 Indiana Enterprise Outlook Panel, which IUPUC held through Zoom.
The shroud of uncertainty draping the financial restoration from the pandemic largely revolves across the penalties of shutting down and restarting the U.S. financial system earlier this yr, political uncertainty and what could lay forward as a tidal wave of COVID-19 infections proceed to engulf a lot of the nation.
Briefly, the U.S. financial system is in uncharted territory, the panel of consultants mentioned.
For extra on this story, see Thursday’s Republic.