A University of Illinois economist says Illinois is nine years into an economic expansion. However, he says the state may see an economic downturn in the next few years. Daniel Baker reports.
Economist J. Fred Giertz says his latest Flash Index, a measure of Illinois’ economic health, rose in April to 104.7, its highest level in 20 months. He says expansions don’t last forever, and that it can be hard to read the warning signs when the state economy is due for a decline.