Colorado economy predicted to rebound quickly |

Colorado economy predicted to rebound quickly

Aldo SvaldiThe Denver Post

Richard Wobbekind says Colorado will be among the first states to recover from the recession.Colorado, one of the last states to succumb to the U.S. recession, appears poised to be among the first states to escape its grasp, according to the University of Colorado at Boulder’s leading economist.”We may be one of the first states out,” Richard Wobbekind told a gathering of clients of Denver-based financial-planning firm Sharkey, Howes & Javer on Thursday in Denver.If technology and business spending fuel the recovery, as some analysts expect given anemic consumer spending, then Colorado is in a strong position to benefit, Wobbekind said.The higher energy and commodity prices that accompany a recovery should benefit Colorado, especially the more rural areas in the state.A broader U.S. recovery will also result in more goods being transported, which will benefit Colorado.Retail sales in the state, which are expected to fall 10 percent this year, are expected to rise 4.4 percent next year, Wobbekind predicted.Forecasts call for the state’s job growth to return to a positive 0.4 percent next year, fourth-best among all states.For more of this Denver Post story:

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