KNOXVILLE—The U.S. and Tennessee economies continue to dig their way out from the Great Recession, but they will be digging at a slower pace this year than last.
The debate over the nation’s debt ceiling, the looming risk of sequestration of federal spending, and the payroll tax increase contribute to the slowdown in predicted gains, according to the forecast in the 2013 Economic Report to the Governor of the State of Tennessee, released today.
The study, prepared by the Center for Business and Economic Research, or CBER, at the University of Tennessee in Knoxville, predicts the trajectory of the state and national economies by examining many economic and fiscal factors and trends.
