Even as the number of Coloradans filing to start a new business hit a new high this year, a “light” recession may come sooner than later, said economists from the University of Colorado during the Secretary of State’s quarterly economic update this week.
It was a week, after all, where another bank failed and the Federal Reserve increased interest rates. And it followed last week’s report that the nation’s economic growth saw a significant slowdown in the first quarter.
“It’s already increasing lending standards and it’s requiring the banks to be more cautious about making loans,” said Richard Wobbekind, senior economist and faculty director at the Business Research Division at CU’s Leeds School of Business. “That could really slow down small…
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