welcome back 10 years out from the recession now we’ve really rebounded but some economists are saying another recession could soon hit the Pikes Peak region and tonight we’re watching out for your money what steps you might want to take now if this slowdown occurs again this I’m Katie Blais finding out more tonight in our consumer watch Katie Robin Elizabeth a local economist says there are hints that a downturn could happen by late next year or early 2020 as we know Colorado Springs and the state still growing in many areas but we’re told the trade war an already tight labor market and inflation now causing some concern I’m hoping that it’ll be a mild recession certainly not like the Great Recession but we’ll have to see Colorado is finally back on top after the harsh decline in economic activity that hit global markets ten years ago we’re in a really good spot we really are it’s it’s amazing it took a long time to come out of the recession tatiana bailey with the UCCS economic forum says in the last four or five years state and local economies have really taken off we had sort of the perfect scenario where interest rates were still really low consumers and businesses started to become more confident but the incline they’ve been on could soon take a descent it does seem likely that we have you know six to twelve months of some steam left and then probably some some things hitting unfortunately at once a contributing factor some over exuberance an example the tight labor market we have more job postings than we have people looking for work what happens you have wage push inflation and once that starts to happen businesses have no choice but to start to increase wages another component interest rates going up that’s going to constrain some of the business investment and probably personal investment too in terms of new homes cars and so forth we’re not there yet but it’s coming she says one of the most concerning things trade wars if you already have inflation and then you have even more price increases because of tariffs and protectionism people will really start to clamp down on not buying as many goods not a good thing as two-thirds of the US economy comes from just consumers so she has some tips to prepare you just in case it happens as a small business owner I would say if you’re doing well this is a really good time to invest before the party is over and if you’re thinking about a small investment whether it’s a newer car home or upgrades to your home she says it’s a good time now while interest rates are still relatively low and Bailey tells me she will be keeping a very close eye on all these factors and the data that goes with them we’ll keep you updated always watching out for you Southern Colorado Katy blaze news 5

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