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Only in Illinois: Moody’s sees trouble in Illinois population decline

Jan 06, 2017

The three-year Illinois population decline announced last month by the U.S. Census Bureau has dark implications for the state’s economy and government, Moody’s Investors Service warned this week.

“A self-reinforcing cycle of population loss and economic stagnation could greatly complicate Illinois’ efforts to stabilize its finances,” Moody’s wrote in its “U.S. Public Financy Weekly Credit Report” newsletter for Jan. 5.

From 2014 to 2016, Illinois lost 78,000 people, which was the largest in absolute terms of any state and the second highest for percentage of population. Moody’s noted that while some of the outbound population headed…

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