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State's Economy Growing, But Lagging Behind

The state’s economy isn’t doing much better this fall. The University of Illinois Flash Index hit a four year low. The index is a way of measuring economic growth in the state. The index, based on a reading of 100 showing growth in the economy but in October the number was 104.3, the lowest reading since November of 2012. Fred Giertz is the University of Illinois Economist who tracks the index says state’s economy is lagging for a few reasons. 

The index takes into account growth in the economy by calculating personal incomes, along with sales and corporate taxes.

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