Economist: Colorado Economy Will Slow Next Year

By: Associated Press
By: Associated Press
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A regional economist is predicting another tough year for Colorado's economy in 2008.

U.S. Bank regional economist Tucker Hart Adams has forecast a slowing for the state's economy next year as the housing market struggles to recover amid a national recession.

Adams said today she believes Colorado will follow the national economy into a recession but it will not be as deep in the state as in other parts of the country.

She says bright spots will include the energy boom in western Colorado, corn production for use in ethanol and the military which is boosting the number of soldiers at Fort Carson near Colorado Springs.

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