The U.S. and Colorado economies are expected to continue to expand at a moderate pace. Business activity has improved in recent months, sparking renewed optimism in U.S. economic growth prospects. The two-year downturn in the oil and gas industry appears to have ended as rig counts
have begun to increase. Consumer spending remains robust and employers continue to add jobs at a moderate rate, further lowering unemployment. However, full employment and an aging population are expected to dampen economic growth.

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March 2017 Forecast