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Quarterly Economic Update
Fourth Quarter 2021 Economic Update By Corporate Strategies and Solutions May 3, 2022
 

After a tumultuous 2020, preliminary Real Growth Domestic Product (GDP) looks to close out 2021 with a major rebound. On average, Tenth District (District)* states have fared slightly worse than the rest of the U.S.

 

Despite the drag of COVID-19 on the travel industry, Colorado has proven most resilient among District states. Housing, construction and population growth continues to boom, while tech and information-driven industries have kept Colorado afloat. Colorado's 6% GDP growth was 26th among U.S. states in the fourth quarter 2021.

 

Until fourth quarter 2021, the agricultural and manufacturing-focused states of Kansas and Nebraska generally managed more favorably than the rest of the country during 2021’s recovery. However, weakness in agriculture, forestry, fishing and hunting served as a major drag to the “Plains,”  dropping Kansas and Nebraska’s real GDP growth by 4% and 5.6%, respectively. 

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Corporate Strategies and Solutions Our Corporate Strategies and Solutions department monitors today’s economic environment and analyzes our members’ financial trends and business activity. The department serves our members by identifying funding and liquidity strategies or solutions that fit their needs and help them enhance their financial performance.
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