Coronavirus Impact on Illinois Economy Unknown So Far

The Illinois Department of Revenue says that global headwinds need to be considered when thinking about going forward how state’s economy will grow or slow. At a committee hearing today (Thursday) Marty Johnson with the Research Office at the Department of Revenue says the state should still see jobs added throughout next fiscal year and wages and salaries are expected to increase. But a slowdown from fears of a spreading coronavirus could but a damper on expectations.

Johnson says those two indictors can preview how consumers choose to spend their dollars.

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