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  • U.S. economy teetering, but could still avert recession, U. of I. experts say

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      Finance professor Jeffrey R. Brown summarizes the economic situation in one word as "uncertainty."

      Photo courtesy College of Business

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      Anne Villamil, professor of economics, studies the impact of inflation on public finance.

      Photo by L. Brian Stauffer

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      J. Fred Giertz, the interim head of the U. of I. economics department, says it's too early to tell whether the economy is simply slowing or in actual decline. But he says a recession, if it comes, likely would be relatively modest.

      University of Illinois Photo

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