Wednesday, September 19, 2012

Economic slowdown in Colorado?

The Denver Business Journal reports:

A report released Tuesday by Brookings Mountain West reveals just how much the economic recovery has stalled in Colorado.

Brookings Mountain West said that “slackening recoveries” knocked the Denver area and Colorado Springs down the rankings in the second quarter.

 Out of the country’s 100 largest metro areas, the recovery performance of Denver-Aurora-Broomfield region ranked 40th, down from No. 27 in the first quarter. 

Readers of this blog may remember that the Philly Fed's index of economic growth for each state has also shown Colorado lagging the nation in recent months. See here. The growth rate has also been declining over recent months. Demographic issues have been helping real estate demand and sales, but the data from the Philly Fed and Brookings suggest that overall economic growth may be slowing.