CU midyear outlook: Despite economic recovery, headwinds foster pessimism

BOULDER — Colorado’s economy has bounced back impressively since the COVID-19 downturn, outpacing the nation and most states in job recovery and growth. Still, more recent headwinds that threaten to halt the recovery process have business leaders spooked.

“With arguably the worst of the COVID virus in the rearview mirror, consumers and businesses have moved on to new economic crises, ranging from lingering supply chain shortages, rapid inflation, and rising interest rates led by restrictive Fed policy,” Rich Wobbekind, associate dean for business and government relations at the University of Colorado Boulder’s Leeds School of Business, wrote in an editor’s note…