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Researchers say economic growth will slow in 2013, pick back up in 2014

4:11 PM, Feb 6, 2013   |    comments
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UT researchers and economists say Tennessee and the U.S. will continue their climb to an economic recovery, but they say it will happen at a slower pace this year.

The researchers found the annual gross domestic product will grow about 1.7 percent for 2013, down from 2.3 percent in 2012. They say the debt ceiling and payroll tax increase will contribute to the slight dip.

The numbers are better for Tennessee, despite their prediction that unemployment will remain flat just below 8 percent.

Looking ahead to 2014, researchers say the economic growth will be even stronger.

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