PNS National Newscast

Audio Activation
"Siri, play the Public News Service (podcast)"
"Hey Google, play the Public News Service podcast"
"Alexa, play Public News Service podcast"
or "Alexa, what's my news flash?" once you set it up in the Alexa app


Audio Activation
"Siri, play the 2020Talks podcast"
"Hey Google, play the 2020Talks podcast"
"Alexa, play Two-Thousand-Twenty Talks podcast"
or "Alexa, what's my news flash?" once you set it up in the Alexa app


PNS Daily Newscast - April 15, 2021 

President Biden sets a date certain to end America's longest war, and more information could be the decider for some reluctant to get the COVID vaccine.

2021Talks - April 15, 2021 

With overwhelming bipartisan support, the Senate takes up anti-Asian American hate crimes legislation, and President Biden officially announces a full military withdrawal from Afghanistan.

Indiana Forecast Predicts Weaker Economic Growth in 2020

Downloading Audio

Click to download

We love that you want to share our Audio! And it is helpful for us to know where it is going.
Media outlets that are interested in downloading content should go to
Click Here if you do not already have an account and need to sign up.
Please do it now, as the option to download our audio packages is ending soon

Researchers say trade frictions will contribute to slower economic growth for 2020. (Adobe Stock)
Researchers say trade frictions will contribute to slower economic growth for 2020. (Adobe Stock)
 By Mary Schuermann Kuhlman, Public News Service - IN - Producer, Contact
November 8, 2019

INDIANAPOLIS – New research predicts both the Indiana and U.S. economies will continue to grow in 2020.

The Indiana University Kelley School of Business presented its annual Business Outlook forecast in Indianapolis yesterday, which expects the national economy to expand at a rate of about 2%.

Ryan Brewer, associate professor of finance at Indiana University-Purdue University Columbus, notes Indiana's growth will be weaker, at around 1.25%.

"In Indiana, there's limited growth to the upside because the labor markets are so tight, and we do have the possibility of a cooling in manufacturing,” says Brewer. “And if that would happen, Indiana could end up in an output contraction next year."

National economic growth is expected to be slower than in 2018, which researchers attribute to the continued trade frictions with China, Canada and Mexico, as well as overall political dysfunction in the U.S.

Associate Professor Emeritus of Economics at I.U. Bill Witte notes national unemployment dropped to 3.5% a month ago, the lowest it's been in 50 years. And he says the forecast has it staying below 4% through the end of 2020.

"That means that we'll continue to generate jobs,” says Witte. “But we think at a slower rate because there just aren't as many workers. Population isn't growing all that rapidly, and we sort of used up any excess supply of people that were laid off during the recession 10 years ago."

The outlook also predicts interest rates will remain low for 2020. The Federal Reserve recently cut interest rates for the third time in 2019, and Witte expects it to leave them alone.

"And that's a pretty good situation for consumers, at least those that have relatively good credit records,” says Witte. “Mortgage rates will be probably just right around 4% or a little bit below, and you should be able to get reasonably attractive car loans and things like that."

Brewer adds that the outlook is likely a best-case scenario for 2020, and could easily be affected by consumer behavior and policy decisions.

"As long as people continue to spend, and if we get a trade deal worked out and the USMCA is ratified,” says Brewer, “or at least, trade is occurring with Canada and Mexico in a way that would be consistent with that arrangement, then that bodes well for next year."

Researchers will present the 2020 outlook in several other Indiana cities over the next couple of weeks. The full outlook for 2020 will be available online in December in the Indiana Business Review.

Best Practices