Denver Business Journal by Heather Draper, Reporter
Date: Tuesday, January 10, 2012, 3:58pm MST
Reporter - Denver Business Journal
While 2012 won’t be a boom year in Colorado, economic experts said they’re seeing “a light at the end of the tunnel” and they expect slow but steady growth this year. Some signs of the state’s recovery include strong retail sales, a slight increase in building permits, stabilizing home prices and a rise in business leaders’ confidence in the fourth quarter of 2011, said Rich Wobbekind, executive director of the Business Research Division at the University of Colorado Boulder ’s Leeds School of Business.
“The Leeds Business Confidence Index jumped a lot from the last quarter,” Wobbekind said. “Business leaders are seeing a light at the end of the tunnel, especially considering they expect growth in the construction sector.”
He expects Colorado’s economic growth to continue to outpace the nation’s this year, with steady job growth and the unemployment rate remaining below the national rate.