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Lake County economic Forecast: Modest Growth Expected in 2026 amidst AI Uncertainty
Lake County, Illinois, is poised for continued economic growth in 2026, with a projected 2.2% increase in Gross Domestic Product (GDP). However, the impact of artificial intelligence (AI) remains a key uncertainty for businesses in the region, according to speakers at the 18th annual Forecast Lake County Luncheon hosted by the Lake County Chamber of Commerce on Tuesday, January 13, 2026, at the Greenbelt Cultural Center in North Chicago.
GDP Growth and economic Outlook
Economist Dr. Robert Walstrum presented a generally positive outlook for both the national and local economies. The anticipated 2.2% GDP growth is considered a healthy rate, primarily driven by an expanding labor force. The Bureau of Economic Analysis provides ongoing data and analysis of GDP trends.
Walstrum characterized the current economic climate as “not too hot and not too cold,” aiming to avoid the pitfalls of excessive inflation (associated with rapid growth) or unemployment (linked to economic slowdown).He noted that Chicago’s economic performance typically mirrors that of the United States as a whole, albeit at a slightly slower pace.
The Role of Artificial Intelligence
While AI is not yet demonstrably influencing the overall direction of the economy,its potential impact is a critically important topic of discussion. Walstrum acknowledged the technology’s potential to boost productivity but
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