Tennessee's economy will continue to grow, according to a new projection, but at a modest rate.
What he's saying: "I would characterize our outlook as precariously positive," University of Tennessee professor Larry Kessler, said in a statement.
"The labor market has cooled and downside risks are elevated, but consumer spending in Tennessee has remained firm — which, if sustained, could help keep economic growth positive over the near term."
By the numbers: UT's Boyd Center recently released its 2026 economic report to Gov. Bill Lee, which projected the state's inflation-adjusted gross domestic product would grow by 2% next year.
That's up from 1.7% growth projected for 2025, but lower than growth in 2023 and 2024.
