Indiana’s economic forecast for 2024: JPMorgan Chase

A recent survey by JPMorgan Chase & Co. reveals that despite facing labor and inflation challenges, performance expectations remain high. Additionally, insight from leaders in the innovation economy, who focus on implementing new ideas, products and services, indicates growing optimism; however, concerns persist regarding raising capital. “Here in Indiana, we feel all of those things. We talk to a few clients who are trying to think creatively about their talent pool,” said Christina Moungey, the head of commercial banking for Indiana and Ohio. RELATED: Business leaders split on recession forecasts as economic outlooks moderate, finds JPMorgan Chase survey JPMorgan Chase’s annual Business Leaders Outlook survey included data on Black business leaders. The survey found that the top three challenges Black business owners are facing this year are inflation, growing sales and revenue, and rising taxes. Business Leaders Outlook by JPMorgan Chase 51% of Black business owners are more optimistic on the national economy, compared to 48% of Latino business owners and 43% of small business owners overall. Black small business leaders are more likely to expect increases in all financial metrics when compared to the total of small business owners. Many Black business owners plan to focus on adding new...