City Cast Denver

Is Denver Headed for a Recession?

9 snips
May 7, 2025
In a compelling discussion, Greg Sobestki, Colorado's chief economist, shares his insights on the looming recession fears amid fluctuating tariffs. He breaks down how recent policy changes could ripple through the Mile High economy, affecting job growth and household finances. Greg explains the current pressures on families, leading to shifts in consumer behavior and spending habits. He also introduces the idea of 'gentle stocking' as residents brace for potential price hikes, offering tips for navigating economic uncertainty.
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ANECDOTE

COVID Budget Overcorrection Story

  • Greg Sobestki shared a budgeting anecdote from COVID when economists overestimated revenue decline and unnecessary cuts were made.
  • He is cautious about making drastic forecasts due to real budget consequences tied to his advice.
INSIGHT

Uncertainty Slows Economy Growth

  • Economic uncertainty causes businesses to delay investments and hiring, slowing growth.
  • This widespread hesitation creates recession risk by stalling job and consumption growth.
INSIGHT

Colorado's Current Economic State

  • Colorado's labor market shows minimal job growth, with some sectors shrinking and others growing.
  • Households are currently stable with manageable debt and inflation has decreased significantly.
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