Lower unemployment rates, falling gas prices, and increased consumer confidence position the national and Tennessee economies for continued recovery and strong growth in 2015 and beyond.
Matt Murray News
A study from UT’s Center for Business and Economic Research says Governor Bill Haslam’s Insure Tennessee plan, which would expand Medicaid in Tennessee, would bring more than a billion dollars of new spending to the state. “The immediate purpose of Insure Tennessee is to provide health insurance to Tennesseans,” the study says. “At the same time, the injection of additional federal dollars will yield significant spillover benefits to the state economy.”
A public forum on the chronically poor health condition of people in Knoxville and around Tennessee will be held on Thursday, November 20, at UT Medical Center.
More jobs. An unemployment rate that’s trending down. Increasing personal income. Thanks to these gains, there is a positive ring to this fall’s Tennessee Business and Economic Outlook report prepared by UT’s Center for Business and Economic Research. “Tennessee’s economic outlook is very similar to the national outlook, with moderate to strong growth expected for the second half of the year and a continuation of growth through 2015,” said Matt Murray, associate director of CBER, who directed the report.
Several regional and national media outlets highlighted a recent UT report that shows winter was hard on the economy in the first quarter but a drop in unemployment rates and expected increases in housing investments signal stronger gains for the remainder of the year. The Center for Business and Economic Research prepared the study. Media outlets that
An abnormally harsh winter led to lackluster economic growth the first quarter of 2014, but a dip in unemployment rates and expected increases in housing investments signal stronger gains for the remainder of the year. The gross domestic product is expected to increase 2.4 percent this year as a whole, compared to 1.9 percent last year, according to the spring 2014 Tennessee Business and Economic Outlook released today by UT’s Center for Business and Economic Research.
US Secretary of Energy Ernest Moniz will be on campus Friday, April 25, to provide the Baker Distinguished Lecture on Energy and the Environment and to talk about the Department of Energy and its activities in the state of Tennessee. Moniz’s lecture will begin at 3:30 p.m. in Room 132 of the College of Law. The lecture is free and open to the public.
Former US Ambassador to Pakistan Cameron Munter will be on campus Wednesday, March 5, to deliver the semiannual Ashe Lecture sponsored by the Howard H. Baker Jr. Center for Public Policy. Munter’s talk, “Beyond 2014: American Relations with Pakistan,” begins at 5:30 p.m. in the center’s Toyota Auditorium. It is free and open to the public.
The Center for Business and Economic Research last week released its spring 2014 Economic Report to the Governor. The report shows US and Tennessee economies are poised for strong growth in 2014 and 2015. It also shows that the state’s unemployment rate will fall from an average of 8.2 percent in 2013 to 7.5 percent in 2014
After five years of sluggish recovery, the US and Tennessee economies are poised for strong growth in 2014 and 2015 according to the forecast in the 2014 Economic Report to the Governor of the State of Tennessee, released today. The study, prepared by UT’s Center for Business and Economic Research, predicts the course of the state and national economies by examining many fiscal factors and trends.