While Colorado’s economy has expanded since the December forecast, the rapid spread of the COVID-19 virus poses a significant risk to the state’s economy. Economic activity is expected to slow sharply over the coming months as schools and businesses close and consumers stay home in an attempt to slow the spread of the pandemic. While this forecast projects that consumer and business activity will return to normal levels relatively quickly once schools and businesses reopen, there is an increasing risk that extended closures could trigger a recession as consumers stay home and workers and businesses lose income.
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.
Luke Teater - Chair
Ken White, JR.