Ball State Economist: COVID Put US Economy Back To 2017 Levels

Ball State Economist: COVID Put US Economy Back To 2017 Levels

Graphic: Ball State University Center for Business and Economic Research Ball State University’s economist says the coronavirus pandemic has dropped U.S. economic growth back to where it was in 2017. The annual economic outlook says it will take a decade to get back to where we should be in 2021.

Ball State’s Michael Hicks says the U.S. economic growth of -4.6 percent in 2020 is the worst since 1946, when the country lost wartime manufacturing contracts.

“The Indiana economy is about 6.7 percent beneath where we thought it would be right now. That is a stunning decline from expected levels," […]

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