Quick Rebound Predicted For Colorado's Economy
Posted by TheHomeCart.com on Sunday, October 11th, 2009 at 5:03pm.According to the University of Colorado at Boulder's leading economist, Colorado appears to be poised as amongst the first states to exit this recession as reported by The Denver Business Journal.
At a gathering of clients of Denver-based financial-planning firm, Richard Wobbekind indicated that "We may be one of the first states out". He further stated that if technology and business spending fuel the recovery, as some analysts expect given anemic consumer spending, then Colorado is in a strong position to benefit. Current forecasts call for Colorado's to return to a 0.4 percent job growth in 2010 placing it in the fourth-best position among all states.
Any recovery will be sluggish at best, Wobbekind cautioned. But unlike some economists, he doesn't expect a second downturn or double-dip recession later in 2010 or 2011 and stated that "We think we have enough momentum to stay positive".
Our select team here with TheHomeCart.com and Brokers Guild - Cherry Creek Ltd is committed to meeting all of your Colorado real estate needs. We use the latest technology and utmost degree of customer service to enhance your real estate buying and selling experience. Our team services the Denver Metro area helping buyers and sellers with homes, townhomes, condos, lofts, and investment properties. We specialize in offering relocation assistance for local, national and international buyers of homes and properties here in colorful Colorado. For more information about buying or selling your Denver area home, please contact us here at TheHomeCart.com.
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