Colorado Economist: Recession May Last Through '09

By: Associated Press
By: Associated Press
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

Private Colorado economist Tucker Hart Adams says there's a high probability the recession will last at least through 2009.

She told the Independent Petroleum Association of Mountain States on Tuesday to expect more job losses next year, a higher unemployment rate with more people taking part-time jobs while they look for full-time work, and lower inflation of around 1 to 2 percent.

On Monday, Richard Wobbekind of the University of Colorado's Leeds School of Business said he expected 4,000 job losses in Colorado next year and an unemployment rate of 6.5 percent.

Adams says energy industry growth will probably slow next year, but a lot depends on how long natural gas and oil prices stay down and for how long.

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 35812614 -
Gray Television, Inc.