IU’s Kelley School of Business is predicting economic growth next year, despite a pandemic hangover. IU’s Business Outlook Panel expects four-percent growth, most of it in the first half of the year. Economist Kyle Anderson says the bullish forecast comes despite expectations that worker shortages and supply chain disruptions will continue for several more months. He says incomes are rising, though not as fast as they are nationally, and says that should translate into more consumer spending. Economist Jennifer Rice says while tourism and other service industries are less affected by the supply chain, manufacturers feel a pinch from not only their own labor shortages, but a shortage of truck drivers to keep the supply chain moving.
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