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Local economy on a slow rebound

Economic numbers from early 2014 would lead economists to believe there’s another recession in America. Not so, said Fred Crowley, a UCCS professor of economics, economic consultant and well-known authority on the subject.  In the first quarter of the year, the gross domestic product dropped 2.9 percent, an annualized number, Crowley said. “Normally, if you… Continue Reading Local economy on a slow rebound

Health care spending in the United States is expected to grow at an average annual rate of 5.7 percent for the next 10 years, according to estimates from the Office of the Actuary at the Centers for Medicare and Medicaid Services. That’s 0.9 percent higher than the expected growth in the gross domestic product, according… Continue Reading Health Affairs: Health care spending to grow faster than GDP

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Stocks get lift from US data, German vote on fund

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Stocks surged Thursday on a combination of surprisingly strong U.S. economic data and the overwhelming approval by Germany’s parliament of a bill to strengthen a bailout fund intended to help European countries deal with their debts. News that the U.S. economy grew by more than previously thought in the second quarter of the year and… Continue Reading Stocks get lift from US data, German vote on fund

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Slight decline in Colorado GDP

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Colorado’s state GDP fell 0.86 percent to $231.89 billion in 2009 from $233.9 billion the previous year, according to the U.S. Bureau of Economic Analysis. The report indicated declines in state GDP, also referred to as gross state product,  for 38 states. The average decline by state was 2.1 percent over that period, making Colorado’s… Continue Reading Slight decline in Colorado GDP

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The third quarter GDP growth of 2 percent holds little good news for real estate brokers. Brokers’ commissions as a percentage of GDP are at the lowest levels since 1982, according to figures from the Bureau of Economic Analysis. Sales of single family homes have plummeted since 2006, which is a big contributor to brokers’… Continue Reading Broker commissions at lowest percentage of GDP since 82

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