News
Colorado economy 'continues to grow'
Tuesday 06 May 2008
The Colorado economy is holding up well when compared with other parts of the US, it has been revealed, suggesting the state is an excellent location for property investment.
While the wider US economy has been hit by the effects of the credit crunch, United Western Bancorp, the parent company of United Western Bank, has noted that Colorado has managed to avoid the worst of the market turmoil.
"The Colorado economy continues to grow and has not exhibited the extent of weakness that is occurring in other parts of the country," William Snider said in a statement.
Further good news for potential property investors in the state was provided last week when it was revealed that even the wider US economy had grown in the first three months of the year.
A 0.6 per cent increase points to a more positive outlook for the US and suggests the worst of the credit crunch could be over.
Colorado is located in the Rocky Mountain region of the US, and has a population of close to five million.
While the wider US economy has been hit by the effects of the credit crunch, United Western Bancorp, the parent company of United Western Bank, has noted that Colorado has managed to avoid the worst of the market turmoil.
"The Colorado economy continues to grow and has not exhibited the extent of weakness that is occurring in other parts of the country," William Snider said in a statement.
Further good news for potential property investors in the state was provided last week when it was revealed that even the wider US economy had grown in the first three months of the year.
A 0.6 per cent increase points to a more positive outlook for the US and suggests the worst of the credit crunch could be over.
Colorado is located in the Rocky Mountain region of the US, and has a population of close to five million.
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