Ball State Report: Expect Slowing Economic Growth

Posted: Updated:
Hicks expects Indiana to achieve 2.1 percent economic growth in 2018, adding roughly 35,000 jobs. Hicks expects Indiana to achieve 2.1 percent economic growth in 2018, adding roughly 35,000 jobs.

Analysis from Ball State University researchers suggests U.S. economic growth will slow in 2018. A report from the Center for Business and Economic Research predicts growth of 2.2 percent in 2018, down from an expected 2.5 percent this year.

CBER Director Mike Hicks expects labor markets to remain stable, predicting an unemployment rate of between 3.5 and 4.5 percent through 2018. He spoke today at the 2018 Economic Outlook Luncheon at the Horizon Convention Center in Muncie.

Hicks says, in 2017, the U.S. reported Gross Domestic Product growth of above 3 percent, which he says is better than average post-recession growth. The research pegs Indiana, Ohio and Wisconsin as Midwest states that are outperforming the region, while Michigan is growing more slowly.

With labor markets at or near full employment, Hicks says employment growth will likely more closely mirror slowing GDP growth in the coming year.

"At the state and national level, tax and regulatory reforms may improve economic growth," says Hicks, "but it is unclear whether or not more substantive problems are contributing to the lengthy period of slow economic growth."

The report predicts Indiana will achieve 2.1 percent economic growth in 2018, adding roughly 35,000 jobs.

  • Perspectives

    • The Importance of Strategic Planning

      How many years have you put work-life balance on your list of New Year's resolutions? Every day, I see so many business owners struggle with the same issues: working 60+ hours each week, not being able to remember the last time they had a vacation, and simply feeling like it's up to them to do it all in their business. After working with countless business owners to identify and overcome their challenges, I've realized the most common root cause is a lack of strategic planning.



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • Electric Works Lands State Incentives

      The first phase of a major redevelopment project in downtown Fort Wayne will receive state assistance. The Indiana Economic Development Corp. has awarded a conditional tax credit for Electric Works, a mixed-use innovation district located at the former GE campus. The incentive is part of the IEDC's Industrial Recovery Tax Credit program, used to boost investment in the redevelopment of former industrial facilities. Developers are projecting an initial investment of more than...

    • Well-Known Real Estate Firm Expanding to Fort Wayne

      Texas-based Keller Williams Realty Inc. has announced plans to open its first office in downtown Fort Wayne. Financial details of the real estate company's investment in the location were not immediately disclosed, however the expansion will bring at least 35 jobs to the Allen County city.

    • Nestl√© Planning $80M Anderson Expansion

      Nestlé USA has unveiled plans to invest nearly $80 million into its Anderson operations. Our partners at The Herald Bulletin report the company will purchase new equipment for the facility and add 30 jobs.

    • Construction to Begin on $15M Fieldhouse

      City and development officials will break ground Friday on a $15 million sports complex in Noblesville. Finch Creek Park Fieldhouse will include five courts with hard surfaces, two turf-surfaced fields and 11 batting and pitching cages. The project, which was first unveiled a year ago, is a public-private partnership between Klipsch-Card Athletic Facilities LLC and the city. The company is also owner/operator of the fieldhouse at Grand Park in Westfield.

    • Kroger Hires Eric Halvorson

      A former longtime Indianapolis television anchor and reporter has been hired by The Kroger Co. (NYSE: KR). Eric Halvorson, who left WISH-TV last year after 33 years, will serve as public affairs manager and media spokesman for the company's Central Division. He succeeds John Elliott, who will become the chief executive officer of Gleaners Food Bank in Indianapolis later this year.