Forecast: Indy to recover in 2012

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IHS Global Insight this week predicted the Indianapolis metro area will not recover jobs lost in the recession until 2012.

The recession will cost the area 41,300 jobs, or 4.5 percent of total employment, it said. That percentage is about
average for the 50 largest metro areas.

Things could be worse. Five cities won’t see their employment restored
until “after 2015,” the research firm projected: Detroit; Cleveland; Providence, R.I.; Milwaukee and Birmingham.

What do you think? Is Global Insight too bearish on Indianapolis, a historically stable market?

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