The annual Colorado Business Economic Outlook presentation points to some bright spots in what’s expected to be a challenging year for some industries.
economic forecast
Posted inEconomy
Colorado sees big increase in new businesses after filing fees drop to $1
But the Secretary of State’s third-quarter data showed more companies dissolving or are late in filing periodic reports, which has economists concerned.
Posted inBusiness, Economy, News, Politics and Government
Colorado’s economy is expected to cool, but not enter a recession, economists tell state lawmakers
Inflation and tightening monetary policy on the federal level are expected to cool Colorado’s economy in the coming months, according to quarterly economic and tax revenue forecasts by nonpartisan staff and the governor’s office presented to the legislature’s Joint Budget Committee on Tuesday. But both forecasts also predicted that Colorado will avoid a recession despite […]
Posted inBusiness, Economy, News
What’s Working: Unpacking Colorado’s “muddled” economy
Colorado may have recovered the 375,000 jobs lost in the first two months of the pandemic, but we’re not back to peak employment yet. And while new business creations remained high so far this year, delinquencies and dissolutions are growing. These and other trends were made clearer after the Secretary of State’s quarterly Business & […]
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Colorado’s economic outlook clouded by inflation, war in Ukraine
A new war in Ukraine, mounting inflation and lingering uncertainty about the coronavirus point to an elevated risk for possible economic downturn in Colorado this year, state economists told the legislature’s Joint Budget Committee on Thursday. Strong growth in state revenue is expected to flatten in the next two fiscal years, in part due to […]
Posted inBusiness, Economy, News
What’s Working: Where Colorado’s COVID economic recovery is better and worse than the rest of the country
Colorado’s economy continues to improve from the worst of the COVID-19 pandemic, but that was expected as businesses adapted and employees returned to work. We are, after all, nearly two years from Spring 2020’s massive business disruptions. What makes Colorado’s economy stand out is how much better — or worse — it has recovered compared […]
Posted inBusiness, Economy, News, Politics and Government
Colorado’s taxable home values could skyrocket in 2023
The taxable value of Colorado homes is expected to rise dramatically in 2023, according to the most recent forecast by the General Assembly’s economists – and not just in the white hot Front Range and mountain resort real estate markets. As families flee high housing prices in those areas, they’re pushing up prices on Denver’s […]
Posted inBusiness, Economy, Growth, News
What’s Working: Colorado economists share 2022 forecasts on meat, apartments, video games and more
The annual crystal ball of Colorado’s economy swirled this week as economists and industry experts shared what is in store for the new year as part of the 2022 Colorado Business Economic Outlook, produced by the University of Colorado Boulder. “We’re pretty bullish overall on the macro economy,” Richard L. Wobbekind, associate dean of business […]
Posted inBusiness, Economy, News
What’s Working: As federal unemployment ends in 7 weeks, Colorado businesses are optimistic about their pandemic recovery
How optimistic are you about Colorado’s economic recovery? If you were one of the 250 business leaders surveyed for the University of Colorado business school’s recent quarterly economic report, your optimism was at “a record high.” The explanation? “It was around the reopening of the economy, the vaccination rate and demand,” said Brian Lewandowski, executive […]
Posted inBusiness, COVID, News, Politics and Government
Colorado’s governor wants a big, fast coronavirus stimulus package. State lawmakers worry about the details.
As the Colorado legislature returns to work on Tuesday, the No. 1 priority for Gov. Jared Polis and Democratic lawmakers will be passing an economic stimulus package to help lift the state out of the effects of the coronavirus crisis. But the question of how big the package should be and how fast the General […]