NOTE: This article shows the Bloomington Business forecast for 2024 and was presented at the Chamber's Futurecast event in November 2023, was published in the Winter 2023 (Volume 98, No. 5) issue of the IBR | Indiana Business Review by Carol O. Rogers, Director and Executive Editor of the Indiana Business Research Center at Indiana University Kelley School of Business. Recession or no recession? That was the question we posed last year and the answer was: maybe. Our forecast was split due to many factors, not the least of which were the residual effects of the pandemic shutdowns and slowdowns, supply chain bottlenecks and inflation rearing its generally ugly head. Both our forecast models (thanks to Bill Witte, as always), and general consensus among Kelley School economists, foretold a relatively brief recession or extremely slow and low growth. We know now, at least for the nation as a whole, that we did not experience any consecutive quarters of negative growth (as in, GDP shrinking rather than growing) during the first three quarters of 2023. In fact, many were startled by the 5% growth in GDP between the second and third quarters of 2023. So, what does the economy look like for Bloomington in 2024 and beyond? Let's look at the charts.
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NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, October 30th, 2023.
NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, October 16th, 2023.
NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, September 25th, 2023.
NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, September 11th, 2023.
NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, August 21st, 2023.
NOTE: This article that features The Chamber's President & CEO, Eric Spoonmore, was published on August 16, 2023 in Indiana Public Media by Lucas Gonzalez. Photos are provided by Cali Lichter, WFIU/WTIU News. The City of Bloomington’s Board of Public Works has approved a resolution seeking to prevent camping and other obstructions in streets, sidewalks and roads.
The board’s three members unanimously passed the resolution Tuesday, paving the way for the city council to modify the city code to include such language. Adam Wason, the city’s public works director, said there have been instances of people blocking the sidewalks with their belongings. “There was no way that the public right-of-way at that point in time was ADA (Americans with Disabilities Act) compliant,” Wason said. “There was no way it was passable by somebody simply walking by.” NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, August 7th, 2023.
NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, July 24th, 2023.
NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, July 10th, 2023.
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