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Throughout the year cber.co produces four types of research that measure the performance of the state economy;

  • Economic forecast of Colorado.   Click here for the 2020 forecast or click here for an executive summary.  Also check the monthly updates. Given the impact of pandemic policy on the economy, forecast revisions have been provided in the monthly updates starting in June.
  • Periodic economic updates throughout the year.
  • Special reports on key topics.
  • Weekly blog posts.

This research shows where the state economy has been and where it is headed in the near-term and the factors that have caused it to change.

Colorado Economic Forecast 2020 Highlights
Watch for the following in 2020….

Global and U.S.

  • Global GDP 3.0%
  • U.S. GDP 2.0%
  • Consumer spending 2.0%
  • Employment 1.5 million jobs or 125,000 per month
  • Annual unemployment rate 3.6%
  • Consumer price index 2.1%, core index 2.0%
  • Real disposable personal Income 4.1%
  • Advanced retail sales, excluding food service sales, 3.3%
  • Automobile and light truck sales, 16,8 million units
  • Crude oil production up from 12.24 million barrels/day to 13.3 b/d
  • Average price for WTI crude per barrel, $59.25.

Colorado

  • Population 72,400 people
  • Natural rate 24,400 people
  • Net migration 48,000 people
  • Annual unemployment rate 3.6%
  • Consumer price index 2.2%
  • Private hourly earnings 3.5%
  • Employment 50,000 workers, or 4,167 per month, 1.8% growth
  • Leading job growth: PST, health care, construction, T&W, manufacturing
  • Total building permits, similar to 2019.
  • Crude production 15.5 to 16 million barrels.