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Weekly Op-Ed by Michael J. Hicks, PhD @HicksCBER

Questions from an Economic Forecast

I’ve spent several days over the past month providing economic forecasts on Zoom. In this pandemic year, I gave a forecast for the five states of the Great Lakes region and seven metro areas. This is a broad set of forecasts, but the pandemic makes the forecast easier to explain. The evidence is very clear that the disease caused a sharp, historically unprecedented decline in economic activity before any state took action to slow the virus’s spread.

Economic Forecasts Posted

Thank you to everyone who attended the virtual Indiana Economic Outlook and the First Merchants Economic Outlook Forecast Series. Presentation slides are now available for all regions:

Thank you to First Merchants for sponsorship of these events!

Recent Publications

Don't miss these recent publications produced by CBER researchers:

CBER Publications Library: https://projects.cberdata.org 

Data Spotlight by Dagney Faulk, PhD

Retail Sales

After declining each month since September 2020, retail sales increased to $568.2 billion in January, a 5.3 percent increase from December 2020. The $600 federal stimulus checks and continuation of the $300 per week federal addition to state unemployment benefits is getting credit for the January uptick. February likely won’t be as strong.

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