There鈥檚 good news for Colorado鈥檚 economy going into 2014, the latest economic forecast is projecting solid growth. The state鈥檚 employment rate also continues to grow faster than the nation鈥檚.
鈥淭he economy is becoming a little more boring, but don鈥檛 take that the wrong way,鈥� said Jason Schrock, an economist with the Governor鈥檚 Office of State Planning and Budgeting. 鈥淪aying the economy is more boring is a good thing. We all know what it鈥檚 like to live in interesting times.鈥�
His definition of boring came as he briefed lawmakers on the joint budget committee Friday. It really just means the economy is becoming 鈥渟table, more durable.鈥�
Economists, like Larson Silbaugh with the non-partisan Legislative Council, also say the country is becoming immune to the ongoing financial debates in Congress like the recent .
鈥淏usinesses and households have been less responsive to the constant brinkmanship and fiscal deadlines,鈥� said Silbaugh. 鈥淚f the negotiations over the debt ceiling are tense and go down to the wire it won鈥檛 have much of an impact. If we breach the debt ceiling, that could have serious repercussions.鈥�
Colorado is expected to add nearly 60,000 jobs next year. The quarterly revenue forecast says one reason Colorado鈥檚 economy is outperforming the country鈥檚 is because many of the state鈥檚 industries such as energy, bio-tech and agriculture are doing especially well.
