A Colorado State University think tank says the Centennial State's economy has rebounded to pre-pandemic levels, but growth will slow slightly in the coming months.

The Colorado Futures Center, a CSU-affiliated organization that produces short-term economic forecasts called the ColoradoCast, predicts the state's economy will continue growing at an annual rate of 4.47% through June 2022.

But a slight slowdown in growth is attributed to lags in certain drivers of the economy, most notably equity and bond markets, though rising housing values continue carrying the economy, the center asserts.

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“The slight slowdown likely reflects a continued normalization of economic growth as the time moves further from the early months of the pandemic,” said Phyllis Resnick, the center's director. “The economy is projected achieve annual growth rates that are robust by historical standards and an anticipated beginning of a return to more historically normal rates of economic growth – growth less distorted by the collective responses to the COVID pandemic.”

The analysis was done before the outbreak of hostilities in Ukraine, and “a protraction of those events and the economic sanctions that result likely will impact economic growth in the United States,” Resnick said.

The Colorado Futures Center will provide an update before its next scheduled quarterly report in May, according to the university.

The full report is available for download here.