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Unformatted text preview: lorado manufactured exports and commodities are projected to grow 7.6%, to $7.96 billion in sales. According to the U.S. Department of
Commerce’s formula of one job created for every
$165,000 in exports, this equates to approximately
48,250 jobs depending on exports. Contributing
to growth in 2012, the value of the U.S. dollar is
expected to fall relative to other foreign currencies, which will reduce the price of Colorado goods
compared to similar goods produced in other
countries. Slower export demand from Europe
will be offset some by rising growth in exports
to developing countries. The passage of new free
trade agreements may also open new markets to
Colorado businesses. Finally, the outlook for certain products look particularly favorable and are
expected to drive growth in 2012. These exports
include agricultural and livestock products,
propped up by growing global demand for food
products, and raw minerals, such as molybdenum,
with the expected reopening of the Climax mine
near Leadville. Colorado Imports Forecast
Just as Colorado exports ma...
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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.
- Spring '13
- The Lottery