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KNOXVILLE, Tenn. (AP) -- University of Tennessee economists say the state's economy has been weakened by the national economic slowdown, but the state should avoid a recession.
UT's Center for Business and Economic Research released their annual report to the governor on Tuesday.
But the good news is that growth continues to take place.
Nationally, reports of a weak labor market in December, job losses in January, anemic gross domestic product growth in the fourth quarter and a weakening service sector are a cause for concern.
Matt Murray, center associate director who oversees the annual forecast, said Tennessee has seen a weakening of economic conditions but few signs that the economy is contracting.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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