Economics

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Economic Outlook

OSPB expects sector specific weakness in U.S. and Colorado consumer and labor demand, particularly for retail and goods related sectors while services sectors continue to buoy the overall economy. Household finances remain relatively strong overall as real disposable income has turned positive in 2023, thereby increasing purchasing power. However, economic headwinds, including increasing consumer debt, restrictive monetary policy, and geopolitical risk, are expected to limit economic growth in 2024 and 2025.

 

March, June, and September 2024 Forecasts | Older Forecasts

Revenue and Economic Forecast

 

Presentation to JBC - 12/19/24

Forecast Outlook - 12/19/24

 

Supplemental Material - 12/19/24

COVID - 19

 

CARES Act Overview - 3.30.20

CARES ACT OVERVIEW - 3.30.20

Governors Revenue Estimating Advisory Committee (GREAC)

The Governor's Revenue Estimating Advisory Committee is a Governor-appointed committee of economists and industry leaders from throughout the state. The committee advises OSPB on current economic conditions and trends across Colorado and assists in the development of OSPB's economic and revenue projections.

Members Include: 

Bryce Cooke - Chair

Alison Felix

Brian Lewandowski

Charles Gwirtsman

Ian Lange

Jessica Ostermick

Ken White, Jr.

Laura Jackson

Nathan Perry

Soloman Halpern

Shawn Osthoff

Tatiana Bailey

Tom Lipetzky

Trinidad Rodriguez

Wendy Lea

Contact Our Economy Team

The OSPB economics team serves primarily to provide the Governor and the Budget Director (OSPB director) with timely and accurate information and analysis relating to the economy and state fiscal conditions, focusing on their implications to the State Budget. The economics team also provides research and analysis on tax and fiscal policy issues and tracks legislation related to these issues.

Deputy Director for Tax and Economic Development: Bryce Cooke