Economists say the recession is ending | VailDaily.com
YOUR AD HERE »

Economists say the recession is ending

Aldo Svaldi
The Denver Post

A rising chorus of economists are declaring an end to the longest U.S. recession since the 1930s, a necessary step for Colorado’s recovery.

“The ‘Great Recession’ is no more. It’s over, finished, kaput!” declared Jeff Thredgold, an economist with Vectra Bank Colorado.

Thredgold serves on three national forecasting groups, and all predict economic growth will return this quarter and continue into next year.

But local economists differ on whether Colorado’s downturn will also end this quarter, with some cautioning that job losses will continue far into 2010.

“Although the state went into the recession later than the nation, we are forecasting it to come out at roughly the same time,” said Tim Sheesley, chief economist with Xcel Energy.

Richard Wobbekind, associate dean at the University of Colorado Leeds School of Business, said Colorado is well-positioned to ride the draft of a U.S. recovery and maybe even vault ahead.

He points to a strong technology sector, heavy federal stimulus spending and a housing market that has less mending to do.

For more of this Denver Post story: http://www.denverpost.com/theeconomy/ci_13020410


Support Local Journalism


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


Trending - News

Vail order allows only families to gather

|

Case numbers for COVID-19 are rising in Eagle County, and just about everywhere else. To save the new ski season, Vail officials are taking new measures to slow the spread, limiting virtually all gatherings to…



See more