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2012 colorado business economic outlook the following

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Unformatted text preview: e by 400 jobs, with growth in state and local public education offset by declines in federal, state, and local noneducation. 2012 Colorado Business Economic Outlook The following observations summarize the thoughts of committee members for 2012 and beyond: National and International • Inflation will continue in check for another year, and interest rates will remain at historically low levels. Colorado • U.S. GDP growth will accelerate in 2012, but will remain below-potential. • Colorado will outperform the nation in employment growth in 2012. • It is unlikely that the United States will face a double-dip recession, but the likelihood is much greater for Europe. • Rebounding commodity prices will benefit farmers and ranchers, as well as the extraction and energy sectors. • The sovereign debt crisis will continue to destabilize global economic growth. • State and local governments will continue to struggle with budget issues as federal funding tightens and income and property taxes lag the recovery. This will have further implications for pub...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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