Tue February 9, 2010
Economists Say 2 More Years for State to Recover
Nashville, TN – University of Tennessee economists say it likely will take another two years for the state's economy to recover fully from the recession. The projection is included in the 2010 Economic Report to the Governor, released Monday. According to the report, Tennessee's unemployment rate likely will average around 10 and a half percent this year and stay above 10 percent through 2011. The annual report is prepared by the Center for Business and Economic Research at UT-Knoxville. Study director Matt Murray wrote in the report that the recession has had more than two years "to wreck havoc on the state economy."