Colorado GDP shrinks 2% in second quarter

Real gross domestic product in Colorado took a step backward in the second quarter, declining at an annualized rate of 2%, according to preliminary data released Friday by the Bureau of Economic Analysis.
Real GDP is an inflation-adjusted measure reflecting the value of goods and services produced in an economy.
That means that Colorado fared worse than the U.S. economy overall, which posted a real GDP decline of 0.6% in the second quarter. Colorado ranked 39th nationwide in terms of percentage change in GDP.
The state GDP numbers are preliminary. Initial reports for the first quarter showed a decline of 1.9% in Colorado, but…
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