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Last modified: Tuesday, November 4, 2008

Media advisory: IU economists Thursday to present economic forecast for 2009 in Indianapolis

Nov. 4, 2008

BLOOMINGTON, Ind. -- Indiana University's Kelley School of Business will present its national, state and local economic forecasts for 2009, beginning with a presentation on Thursday (Nov. 6) morning in Indianapolis, followed by similar events in nine other cities across the state.

Economists will discuss economic challenges facing the next president, including turmoil in global financial markets, a looming recession and rising costs of everyday necessities.

The opening presentation of the 2009 Business Outlook Panel forecast by faculty of the Kelley School will begin Thursday at 7:30 a.m. at the Columbia Club, 121 Monument Circle, in downtown Indianapolis.

Presenting will be Jerry Conover, director of the Indiana Business Research Center; Robert Neal, associate professor of finance; Philip T. Powell, clinical associate professor of business economics and public policy and chair of the Evening M.B.A. Program; and Willard Witte, associate professor of economics and co-director of the Center for Econometric Model Research. Phil Cochran, associate dean of the Kelley School for Indianapolis programs, will moderate the Q-and-A, which will follow the presentation.

Arrangements have been made for electronic media at the event.

The complete program will be presented online at, beginning at 1 p.m. IU also will provide video on the IU Video-Link, beginning at 2 p.m. Interested media should contact Dave Rust, University Communications, at 812-855-7019 or

More information is available online at and from George Vlahakis, University Communications, at 812-855-0846 or