The Illinois Department of Revenue says that global headwinds need to be considered when thinking about going forward to how the 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 the next fiscal year and wages and salaries are expected to increase.
But a slowdown from fears of a spreading coronavirus could put a damper on expectations.
Johnson says those two indictors can preview how consumers choose to spend their dollars.