Financial Intelligence - First Quarter 2020 Economic Update

First Quarter 2020 Economic Update By Corporate Strategies and Solutions April 28, 2020

Real Gross Domestic Product (GDP) growth among Tenth District* states was positive, but the same as or down from year-end (YE) 2018. Only Colorado outpaced the U.S. growth rate by YE 2019.

At 3.5% real GDP growth in 2019, Colorado, the fastest growing state in the district and fifth fastest in the U.S. (based on 2019 growth), remains a hotbed of both young, talented professionals and energy production. As a result, Colorado is seeing ongoing, above-nationwide-average contributions from the professional, scientific and tech. services sectors, as well as information and mining, quarrying, and oil & gas extraction sectors.

Corporate Strategies and Solutions Our Corporate Strategies and Solutions department monitors today’s economic environment and analyzes our members’ financial trends and business activity. The department serves our members by identifying funding and liquidity strategies or solutions that fit their needs and help them enhance their financial performance.

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