UT economists predict Tennessee will avoid a recession in 2023
Tennessee's economic growth will slow next year, but state economists are not forecasting a recession in the Volunteer State in 2023.In their annua...
Tennessee's economic growth will slow next year, but state economists are not forecasting a recession in the Volunteer State in 2023.In their annual economic outlook released Thursday, economists at the Boyd Center for Business and Economic Research at the University of Tennessee predict the national economy will turn negative next year with the gross domestic product declining in the first half of 2023. But buoyed by its growing electric vehicle industry and a continued influx of new residents, Tennessee is expected to continue to grow in 2023, albeit at a much slower pace with higher interest rates and more economic uncertainty.