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.
Georgians are feeling more pessimistic about the economy. But they intend to spend the same amount of money on their holiday gifts this year. A recent survey from Georgia Southern University's Bureau of Business Research and Economic Development says, 55% of Georgians feel the economy is worsening.