The recovery’s not happening as quickly as anybody would like, but the University of Illinois’ monthly account of how the state’s economy is doing shows a little more growth. The Flash Index, authored by economics professor Fred Giertz for the Institute of Government and Public Affairs, stands at 102 for June, up from 101.9 the previous month and a third straight month above the break-even mark of 100.
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“There’s a lot more stability in the overall economic system today than was true three years ago,” says Giertz. But “there are all these lingering issues; you never seem to get over them. It’s going to be continued growth, but not the pace at which we would hope at this stage of the recovery.” The index considers personal income, consumer spending, and corporate earnings in Illinois.