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Thomas Ouellette
So the economy is underperforming. I think, this is going to be a very tough year for. It's going to feel and taste just like a formal recession at the very best.

00;00;10;07 - 00;00;33;01
Michael Hicks
In his forecast, Ball State economist Michael Hicks notes there were close to 400 differing tariff adjustments in 2025. He says that contributed to increased prices for consumers and lack of new job creation. Indiana is seeing the hiring struggles. Hicks says that in a good year. Around 40,000 jobs were created throughout the state. This year, he predicts no more than 16,000 jobs.

00;00;33;04 - 00;00;35;24
Michael Hicks
While Hicks says we aren't in a recession yet.

00;00;35;27 - 00;00;40;10
Thomas Ouellette
I think we could easily bump into a recession this year for one more shot.

00;00;40;12 - 00;00;50;23
Michael Hicks
Hicks also notes that the US has the highest tariff rates since the tariffs blamed for helping to start the Great Depression in 1929. I'm Thomas Ouellette in Muncie.