Recession

There's still a risk of recession even though the economy is much better than it was a year ago, according to the chief investment officer for central Illinois-based Busey Bank.

We’re seeing public claims that a recession will not be that deep or prolonged, but there also have been large pre-emptive layoffs by big companies, suggesting major business employers are hunkering down for something more severe. How do you gauge the severity of a downturn?

An economics professor at Illinois Wesleyan University said a recession is inevitable, but flattening the curve on the coronavirus would limit the…