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COGFA: Does a recession lie near?

Is Illinois on the verge of a recession? Not quite yet, but economic growth has definitely slowed. That’s according to the latest monthly report from the Commission on Government Forecasting and Accountability. 
 
Dan Long, executive director of COGFA, says Illinois’ growth is the slowest it’s been in more than 70 years. 
 
 
In the last quarter of 2015, Long says the state only grew seven-tenths of one percent. If that drops off anymore, Long says the state could go into recession, but truly defining when is difficult. 
 

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