In 2025, the Indiana economy is expected to surpass the national economy

Indianapolis, Indiana – The Indiana University Kelley School of Business has released a new prediction that indicates the state’s economy is expanding sustainably.

According to experts who prepared an economic assessment for 2025, Indiana is on pace to “return to equilibrium” in 2025 because of the better output in 2024 and the improvements in inflation.

The report was written by Phil Powell, an economist from the IU Kelley School of Business.
Powell stated, “We are projecting a fairly robust economy for the country in 2025.” “Moreover, our state will outperform the rest of the nation.”

Powell said the expansion of the new business sector is expected to help Indiana do well.
Powell stated that the reduction in interest rates is assisting Indiana’s manufacturing sector, which will propel our growth at a disproportionate rate in comparison to the rest of the country.

According to Powell, his research has not shown a link between economic development and the political party holding the White House.

Powell stated, “There is really no statistically significant difference in who is in office when you look at the history of economic performance in the United States.” Therefore, it doesn’t matter who wins or loses an election when we create our economic forecasting models.

Indiana’s economic growth is further aided by the reduced cost of living, which drives consumer spending.

The paper was written by Brian Vander Schee, a professor of marketing at the IU Kelley School of Business.

According to Vander Schee, “We’ve seen that there have been personal savings or an accumulation of wealth kind of saved up as a post-Covid period, but people continue spending as consumers, which helps the economy continue to grow, and we project that will continue into the new year.”

In December, the Kelley School of Business will release a comprehensive report outlining its economic prediction for 2025.

The Indiana Business Review has such information.