It will take years for the economy to recover from COVID-19, UT experts warn [View all]

While Tennessee's economy has started to rebound from the devastating impact of the pandemic, full recovery is still years away, University of Tennessee Boyd Center for Business and Economic Research experts told Gov. Bill Lee.

And it could be a bumpy ride. Recent surges in COVID-19 could cause the economy to retract again, the center's experts said in a new report. Even still, economic growth is on the horizon, said Larry Kessler, the project director at the Boyd Center.

"Looking ahead in 2021, we do expect, at the moment, positive growth going forward as we continue to dig out of the recession," Kessler said.

The Boyd Center released its annual Economic Report to the Governor on Wednesday, which took on additional urgency as the country and state's economy heals.

Read moire: https://www.columbiadailyherald.com/story/news/education/2020/12/16/tennessee-experts-economic-recovery-take-years/6542133002/