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Ifo Institute, a German organization, has since 1981 conducted a quarterly survey of numerous countries on business cycle developments and other economic factors.
In addition, the new industries like wireless and the Internet are in the take-off stage of development and so are less impacted by business cycle developments.
Even with Colorado's high exposure to declining energy, mining and federal employment, the report observed, several demographic, economic and business cycle developments uphold the outlook for continued growth in the state for the rest of the decade.