Tenn. economy follows national slowdown

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.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2015 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 15796117 - local8now.com/a?a=15796117
Gray Television, Inc.