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NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, December 18th, 2023. 
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As the festive season unfolds, we find ourselves reflecting on the past year and those who have helped shape our business community. It's been quite a year for us all!
We wanted to take a moment to extend our heartfelt thanks to you. Your unwavering support and cooperation have been the key to our collective successes and the strides we've made toward fostering a thriving business environment. The Greater Bloomington Chamber of Commerce team wishes you and your loved ones a joyous holiday season filled with warmth, cheer, and delightful moments. May the new year bring you prosperity, health, and continued success. Looking ahead to 2024, we're excited about new opportunities and collaborations. Together, we'll continue our journey towards better business and a better community. Your partnership is invaluable, and we can't wait to see what we will achieve together in the coming year. Happy Holidays and a Prosperous New Year! NOTE: This article shows the Bloomington Business forecast for 2024 and was presented at the Chamber's Futurecast event in November 2023, was published in the Winter 2023 (Volume 98, No. 5) issue of the IBR | Indiana Business Review by Carol O. Rogers, Director and Executive Editor of the Indiana Business Research Center at Indiana University Kelley School of Business.  Recession or no recession? That was the question we posed last year and the answer was: maybe. Our forecast was split due to many factors, not the least of which were the residual effects of the pandemic shutdowns and slowdowns, supply chain bottlenecks and inflation rearing its generally ugly head. Both our forecast models (thanks to Bill Witte, as always), and general consensus among Kelley School economists, foretold a relatively brief recession or extremely slow and low growth. We know now, at least for the nation as a whole, that we did not experience any consecutive quarters of negative growth (as in, GDP shrinking rather than growing) during the first three quarters of 2023. In fact, many were startled by the 5% growth in GDP between the second and third quarters of 2023. So, what does the economy look like for Bloomington in 2024 and beyond? Let's look at the charts.
Click to watch the Chamber Insider Update! Learn about our newest members and hear about upcoming events—hope to see you at one soon!
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