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".

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