Tourism and retail spending are boosting Savannah's economy, but those are the only positive signs in a third quarter economic report. Armstrong Atlantic State University's Center for Regional Analysis released its quarterly forecast this week. Center director Michael Toma says, out of seven economic trends the forecast tracks, only hotel stays and retail recepts posted gains.
A regional economist says, Savannah's recession is over. Michael Toma of Armstrong Atlantic State University says, his numbers show, the downturn ended for the Savannah area earlier this year. Port activity and tourism are leading Savannah's come-back.