Colorado Springs Insulated from Recession?

Local economist and UCCS professor Fred Crowley recently spoke about the recession and it affects on Colorado Springs. Below is an excerpt from the Colorado Springs Gazette with a link to the rest of the article.

Job growth insulates Springs from recession, economist says

By RICH LADEN

March 12, 2008 - 6:14PM

THE GAZETTE

The nation has already slid into a recession, but the Pikes Peak region has been spared so far because it has continued to add jobs, local economist Fred Crowley said Wednesday.

"Are we in a recession? I'm pretty sure we're in a recession right now," said Crowley, a senior economist with the Southern Colorado Economic Forum at the University of Colorado at Colorado Springs. He spoke to about 75 people during a Housing and Building Association of Colorado Springs breakfast meeting.

A growing list of national economic indicators prompted Crowley to ratchet up his recession talk from two months ago, when he told the Pikes Peak Association of Realtors the na- tion was on the brink.

Click here for the rest of the article