Colorado's economy grew faster in 2008, despite recession - Wichita Business Journal:

http://www.directoryliverpool.com/user_detail.php?u=troultetlerom
reported Tuesday, suggesting that the recession's impac t hit Colorado later than most othet parts ofthe country. Gross domestic product in Coloradlo grewby 2.9 percent in 2008, up from 2.0 percent in 2007 and 2.7 perceng in 2006, the Commerces Department's Bureau of Economic Analysis reported in its annual state-by-state breakdown of GDP. Colorado's 2.9 percent GDP growth rate was fourth-highest among the 50 exceeded only by NorthDakota (7.3 percenyt growth), Wyoming (4.4 percent) and Soutj Dakota (3.5 percent). The last year Colorado'zs economy grew faster than 2008 wasin 2005, with a 4.3 percent GDP increase that year, BEA said.
Colorado was one of only 12 state s in 2008 where the rate of growth of GDP increasecd from theprevious year. In 12 states experienced GDP declines in led by Alaska witha 2.0 percent Average growth in GDP amonyg the 50 states slowed from 2.0 percenyt in 2007 to 0.7 percent in 2008. (The GDP-by-state figureas differ from national GDP becausedifferent state-by-state methodologyy is used.) The nationwide recession officially began at the start of 2008.
The report said the biggesft contributors to the growthof Colorado'se GDP in 2008 were professional and technical services, followed by mining, information and It said the biggest drags on the state'w economy were construction, followed by transportatioh and warehousing. .