Recessions are rarely predicted correctly, even with the best economic data. An immediate and severe downturn driven by a health crisis was certainly not forecasted for 2020. Nonetheless, we must now assess the economic damage that has occurred due to COVID-19. More importantly, in the face of extreme uncertainty, we must plot our path forward and determine how to restore balance even though all aspects of the economy have been changed or altered due to the virus.
This presentation will help to bring economic conditions into focus as we discuss current and projected growth trends at the national and state level.
The presentation features employment and industry trends, population growth and consumer activity, and the residential and commercial real estate markets.
Anyone looking for a 2020 Economic Update for Colorado.