Northern Colorado sees another strong quarter of growth
The Index of Economic Growth in Northern Colorado bottomed out at about 200, double the 1991 base level for the Index. We had 15 years of strongly expanding economic growth and five years of economic contraction. Hopefully, our economy will double over the next 20 years without a 5-year downturn. The Index would then be 400 in 2030. The Index was at the 400 level in 2005 but we lost half of our growth momentum between 2005 and 2010. If we follow the same growth/contraction cycle, our economy might explode to an Index value of 800 in the early 2020s. That, however, is unlikely given resource limitations.
The U.S. economy continues to expand but much more slowly than the Northern Colorado economy. Preliminary,
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