News — INDIANAPOLIS -- During the second quarter of 2020, real gross domestic product decreased at an annual rate of 32.9 percent, according to the advance estimate released July 30 by the U.S. Commerce Department's Bureau of Economic Analysis. GDP is the monetary value of all goods and services produced by a country during a specific period. Today's fall in economic output is the fastest pace on record in U.S. history. IU experts on business economics, public policy and productivity are available to comment.
Kyle Anderson
is an economist at the IU Kelley School of Business in Indianapolis. His research focuses on pricing, auctions and online markets, and he has published several articles in academic journals. Anderson serves on the Business Outlook Panel for the Indiana Business Research Center, which produces an economic forecast every year. He has an MBA and Ph.D. from the Kelley School of Business in Bloomington. In addition to his academic work, Anderson has seven years of experience working in the health care industry and the heavy trucking industry.
R. Andrew Butters
is an assistant professor in the Department of Business Economics and Public Policy at the IU Kelley School of Business. Before joining Kelley, he was an associate economist in the Economic Research Department at the Federal Reserve Bank of Chicago. His research focuses on the impact on demand fluctuations on business decisions and measuring the stage of the business/financial cycle.
Phil Powell
is the associate dean of academic programs and a clinical associate professor of business economics and public policy at IU Kelley School of Business in Indianapolis. He previously served as faculty chair of the full-time and online MBA programs at Indiana University in Bloomington. Both programs saw an increase in national rankings under Powell's leadership
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