cber.co Colorado Economic Forecast

2017 Colorado Economic Forecast is here!

The cber.co 2017 Colorado Economic Forecast provided three scenarios for economic growth this year. Highlights from the most likely scenario follow:
• Global real GDP growth will increase by 2.9% in 2017.
• 2017 U.S. real GDP growth will be in the range of 2.1% to 2.5%.
• There were be an increase of 1.9 to 2.1 million U.S. employees in 2017 – down from about 2.5 million in 2016.
• In 2017 Colorado will see job growth in the range of 57,000 to 63,000 workers (2.2% to 2.4% growth).
• Growth will be broad based and driven by the Health Care,  Accommodations and Food Services, and Construction.

Click here for a copy of the 2017 cber.co Colorado Economic Forecast.

——————————————————————————-

The cber.co 2016 Colorado Economic Forecast provided three scenarios for economic growth this year. Highlights from the most likely scenario follow:
• Global real GDP growth will increase from 2.5% in 2015 to 2.8% in 2016.
• 2016 U.S. real GDP growth will be in the range of 2.3% to 2.7%, about the same as 2015.
• There were be an increase of 2.7 million U.S. employees in 2016 – down from about 3.0 million in 2015.
• In 2016 Colorado will see job growth in the range of 67,000 to 73,000 workers (2.7% to 2.9% growth).
• Growth will be broad based and driven by the Health Care, Construction, and Accommodations and Food Services.

Click here for a copy of the 2016 cber.co Colorado Economic Forecast.

——————————————————————————-

The cber.co 2015 Colorado Economic Forecast provided three scenarios for economic growth this year.  Highlights from the most likely scenario follow:

  • Real Global GDP growth will increase from 3.2% in 2014 to 3.4% in 2015.
  • U.S. Real GDP growth will be in the range of 2.5% to 2.9% for 2015.
  • There were be an increase of at least 2.6 million U.S. employees in 2015.
  • In 2014 Colorado will see job growth in the range of 73,000 to 79,000 workers (3.0% to 3.2% growth).
  • Growth will be broad based driven by the Construction; Health Care; Accommodations and Food Services;  Professional, Scientific, and Technical Services, and Retail Trade Sectors.

Click here for a copy of the 2015 cber.co Colorado Economic Forecast.

Click here for a copy of the recalibrated 2015 cber.co Colorado Economic Forecast. The original forecast was updated to account for significant benchmark revisions to the 2014 Colorado employment data.

——————————————————————————-

The cber.co 2014 Colorado Economic Forecast provided three scenarios for economic growth this year.  The most likely scenario foretells the following:

•U.S. Real GDP 2.3% to 2.7%.
•The U.S. will add at least 2.3 million workers.
•Colorado will account for 3.0% of U.S. jobs added.
•Colorado will add 68,000 to 74,000 workers.

In 2014, the leading sectors for growth will be:

  • Construction
  • Professional, Scientific, and Technical Services
  • Accommodations and Food Services
  • Retail

The Federal Government will be the only sector to shed jobs in 2014.

Originally, Healthcare was listed as a leading sector. In March 2014, the size of the healthcare sector was diminished as several private sector organizations were purchased by state organizations. As a result, the 2014 cber.co projections for healthcare job growth will be less than anticipated.

Click here for a copy of the 2014 cber.co Colorado  Economic Forecast.

Tracking the Colorado economy is like skiing. At times the skiing is good. Other times it is tenuous or too fast. Sometimes you crash or go backwards. In time you get headed in the right direction again.