Featured Post from Georgia Southern University

The economy may be slowing - but remains strong according to Georgia Southern expert

Jul 15, 2022

2 min

Georgia Southern’s Economic Monitor Q1 reports regional economy slows, retains strength


Georgia Southern University’s latest Economic Monitor, which reflects Q1 2022, reports that growth in the Savannah metro economy moderated during the opening quarter of the year.


“The broadest indicators of economic activity — overall regional employment and electricity sales to residential, industrial and commercial users — continue to signal strength,” stated Michael Toma, Ph.D., Georgia Southern’s Fuller E. Callaway Professor of Economics. “After good performance in the fourth quarter, there was a mild pull-back during the first quarter in tourism and port activity. In general, the regional economy maintained its forward momentum, but slowed its rate of acceleration.


Toma also noted that the Savannah metro economy will grow approximately 2% through the remainder of 2022, noticeably slower as compared to the rebound year of 2021. The economic future is somewhat murkier now as inflation surges, the Federal Reserve tightens, and global energy and commodities markets remain rocked by Russia’s invasion of Ukraine, he said.


Overall Strength, but Some Sectoral Weakness

The business index for the Savannah metro economy increased 1.3% in the opening quarter of 2022, roughly half the pace of the previous quarter. The index of current economic activity increased to 207.3 from 204.7. The index was buoyed by solid employment growth of 1.6% during the quarter and electricity sales growth of 2.1%. Indicators of port activity, tourism and retail sales slowed during the quarter.


Metro Savannah employers added 3,100 jobs pushing total regional employment to 197,500 — more than 5,000 jobs and 3% higher than the pre-pandemic peak of 192,100 in the fourth quarter of 2019.


The Georgia Department of Labor recently completed its annual benchmarking process for employment in which the monthly payroll survey data is benchmarked against headcount data. Total employment data did not change significantly but business and professional industry services were revised downward while the information sector, including the film and entertainment industry, was revised upward substantially.


A full media release detailing key indicators such as Employment Trends, Housing Market, and that Slowing Regional Growth Expected is attached.



About the Indicators

The Economic Monitor provides a continuously updated quarterly snapshot of the Savannah Metropolitan Statistical Area economy, including Bryan, Chatham and Effingham counties in Georgia. The coincident index measures the current economic heartbeat of the region. The leading index is designed to provide a short-term forecast of the region’s economic activity in the upcoming six to nine months.


Looking to know more - then let us help.


The Economic Monitor is available by email and at the Center’s website. If you would like to receive the Monitor by email send a ‘subscribe’ message to CBAER@georgiasouthern.edu. For more information or to arrange an interview - simply reach out to Georgia Southern Director of Communications Jennifer Wise at jwise@georgiasouthern.edu to arrange an interview today.

Powered by

You might also like...

Check out some other posts from Georgia Southern University

Georgia Southern University expert available to provide geopolitical analysis on the Iran war featured image

1 min

Georgia Southern University expert available to provide geopolitical analysis on the Iran war

The Middle East has entered an active state of war marked by a cycle of retaliatory strikes across Iran and the Persian Gulf. Three major uncertainties now dominate the global outlook: the long-term survival of the Iranian government, the fate of Iran’s nuclear infrastructure, and the security of critical oil transit routes. Georgia Southern University Professor of Political Science and International Studies Jacek Lubecki, Ph.D., is available to speak about the military operation in Iran and its implications for regional stability and global security. Lubecki is an expert in comparative politics and military security studies, with a focus on the Middle East and Eastern Europe, particularly Poland. His research examines terrorism, counterinsurgency and military strategy. His work has been published in journals including Europe-Asia Studies, East European Politics and Societies, The Polish Review, The New Ukraine and The Armchair General. He has co-authored several books, including Globalization, Nationalism, and Imperialism: A New History of Eastern Europe (2023), which examines domestic and global security challenges, and Defending Eastern Europe: The Defense Policies of New NATO and EU Member States (2021). Lubecki speaks Polish, English, French, Russian, Spanish, Italian, German and Arabic with varying levels of fluency. Lubecki is available for interviews in person at Georgia Southern’s Statesboro Campus or virtually.

Georgia Southern University expert available for interviews about Venezuela's political shift after U.S. intervention and the Cuba-Venezuela Connection featured image

1 min

Georgia Southern University expert available for interviews about Venezuela's political shift after U.S. intervention and the Cuba-Venezuela Connection

The January U.S. military action in Venezuela is altering political connections and calculations across the Western Hemisphere, with deep implications for Cuba. The long-standing belief in the United States’ strategic patience regarding adversarial and destabilizing governments has been decisively overturned and threatens the Cuban government’s vulnerability to collapse. Georgia Southern University Associate Professor of International Studies Christopher M. Brown, Ph.D., is a recognized expert in the democratization and democratic theory of Latin American countries and the Caribbean Basin. He offers expert analysis on the shifting political landscape in Venezuela and the long-term resilience of the Havana-Caracas axis. Brown is a National Endowment for Humanities Scholar with the José Martí Institute at the University of Tampa and participated in a Faculty Exchange with the University of Havana. He has authored several books focused on the failed democratic systems in Latin America and most recently published a book titled “Responding to the Venezuelan Migration Crisis: Insights for the Caribbean” (with Georgina Chami Ph.D., University of the West Indies, St. Augustine, Trinidad and Tobago, and Nalanda Roy, Ph.D., Georgia Southern University). His monograph, “Failed Democracies in Latin America and the Caribbean” (Palgrave-Macmillan) was published in August 2023 and he is currently completing, “Democratization of Cuba” (Palgrave-Macmillan), which will be published in June 2026. Brown is available in person at the Statesboro Campus or virtually.  Simply contact Georgia Southern's Director of Communications Jennifer Wise at jwise@georgiasouthern.edu to arrange an interview today.

Georgia Southern professor to present “Steel and Sweat: Knights, Soldiers and the Making of the Tactical Athlete” featured image

2 min

Georgia Southern professor to present “Steel and Sweat: Knights, Soldiers and the Making of the Tactical Athlete”

The Georgia Southern University College of Arts and Humanities will host the next installment of the Moveable Feast lecture series with an in-depth discussion of the evolution of combat training from the tumultuous Middle Ages to the modern-day military. Professor of Spanish Grant Gearhart, Ph.D., will present “Steel and Sweat: Knights, Soldiers and the Making of the Tactical Athlete” Feb. 19, at 6 p.m., at Service Brewing in Savannah. Gearhart, who is also the coordinator of experiential learning for the Department of World Languages and Cultures, says the presentation is all about connecting modern military training with the physical contests of centuries past. “I wanted to bring back interest in research on the Middle Ages, considering there is a declining interest in the topic within academia,” Gearhart explained. “To connect the past with present in a way that’s digestible for all audiences is something that I feel passionate about bringing to the public.” His research focuses on the evolution of fighting styles and explores how these styles reflect the ethics and values of the cultures in which they were developed. “Today’s soldiers are more than just military personnel, they are athletes,” said Gearhart. “Being a former college athlete sparked my interest in doing this research on the connections between athletics and warriors. I want to show how our modern ideas of soldiers as tactical athletes have historical grounding in the Middle Ages.” The Moveable Feast series is an immersive learning experience that brings lectures into spaces relevant to their topics. The event is free and open to the public.

View all posts
Powered by