Chamber of Commerce report: Nashville's economic recovery still more than a year away
NASHVILLE, Tenn. (Mike Osborne) -- The Nashville Chamber of Commerce has released a sobering update to its COVID-19 Economic Impact study.
The report says the mid-state’s economic activity won’t return to pre-COVID-19 levels until at least November, 2021. The area’s hard-hit leisure and hospitality sector won’t reach that mark until the middle of 2022.
The Chamber says the Nashville Metro area will see the total value of goods and services produced fall by more than $11 billion this year.
Personal income losses will total $7.5 billion this year and another $2.5 billion next year.