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Tennessee economy making slow, steady progress

Tennessee’s economy is growing again, but it will take years to completely bounce back from the recession, University of Tennessee economists said today in their annual report to the governor.

“While recessions are a natural part of the business cycle, the length and depth of the current cycle has been unprecedented. The decade ahead will represent a period of significant adjustment and restructuring for both the state and national economies,” Matt Murray, CBER associate director and author of the study, said in a prepared statement.

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