Tuesday, November 19, 2013
Economic Growth Anemic In Indiana This Year
The stock market may be at all time highs, but average Hoosiers are still experiencing the affects of the Great Recession. The Star's Maureen Groppe shares numbers from a recent IHS Global Insight report for Indiana that are less than encouraging. According to the report, the economy is slowing in almost every area of the state, including Indianapolis, where it has slowed to 1.6% compared to 3.3% a year earlier. Bloomington, Elkhart, Fort Wayne, Kokomo, Lafayette, Michigan City, Muncie, South Bend and Terre Haute all are experiencing slower growth this year than last year. Columbus is performing the best with a growth rate of 3.2%, but that is down from 9.6% it experienced in 2012. The economy is actually shrinking in several Indiana cities, including Evansville, Michigan City, Muncie, Terre Haute and South Bend.