Media Relations
Tuesday,
September 9,
2003
Business Research
A new Indiana University report indicates that Indiana will gain more than 5,000 jobs created by foreign direct investment (FDI) announced in 2007 -- mostly in the automotive manufacturing industry.
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More than half of the 50 states, including Indiana, will face a dilemma in coming decades of having fewer workers in the age group considered the prime earning years -- the 25-to-54 age group. A new report, "Workers Needed: Please Apply by 2025: The Changing 25-to-54 Age Group," highlights a sharp decline in the number of people who will make up this key component of the workforce as a result of the exodus of many baby boomers.
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Economists at IU's Kelley School of Business are "cautiously optimistic" in their forecast for 2008. They are predicting national output growth (GDP) of about 2.5 percent. Indiana's GDP will rise about 2 percent next year.
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Indiana Lt. Gov. Becky Skillman has helped secure a federal grant for Purdue and Indiana universities to work together to expand a regional study of rural economic development.
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Exports from Indiana to foreign countries reached a record $22.6 billion in 2006, up 5.3 percent over the previous year. A new study, conducted for the Indiana Economic Development Corp. (IEDC) by the Indiana Business Research Center (IBRC) at Indiana University's Kelley School of Business, also suggests that Indiana exports will grow at a faster pace in 2007.
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Indiana University's Kelley School of Business will present its national, state and local economic forecasts for 2008, beginning with a presentation Nov. 1 in Indianapolis, followed by similar events in 10 other cities across the state.
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