In 2023, I expect a mild recession for both the national and state economies, but growth will slow rather than stop in Savannah. The metropolitan statistical area (MSA) will add jobs this year, but fewer than in 2022. Let’s call…
Thanks to several state-specific factors, Georgia continues to outpace the nation in economic growth. Our annual outlook for the Peach State’s primary industries is based on research from the Selig Center for Economic Growth at University of Georgia’s Terry College…
In 2023, Warner Robins’ economy should outperform both the state and the nation, adding jobs despite the recession. My forecast reflects the presence of the Robins Air Base, recent economic development success, solid population growth, a good match of the…
This year, I expect Georgia’s post-pandemic expansion to end and a mild recession to begin, which will last about six months. A recession is not inevitable, but it would take near-perfect monetary policy plus a lucky break to avoid one.…
We are experiencing stagflation. To bring down the highest inflation in 40 years, the Federal Reserve is trying to reduce demand and cool down the labor market. In 2023, I expect a mild, brief recession. Gainesville’s economy is unlikely to…
Thanks to Fort Stewart, the Hinesville metropolitan statistical area’s (MSA) economy performed well during the pandemic recession and recovered quickly. From peak-to-trough, Hinesville lost 9% of its jobs, which is much smaller than the 13% loss posted by the state…
From its 2020 peak-to-trough the Valdosta metropolitan statistical area (MSA), which includes Brooks, Echols, Lanier and Lowndes counties, lost about 10% of its jobs to the COVID-19 recession. The heaviest losses were in government and high-contact service industries such as…
From its 2020 peak-to-trough, the Brunswick metropolitan statistical area (MSA) – Brantley, Glynn and McIntosh counties – lost 19.2% of its jobs to the COVID-19 recession. The heaviest losses were in leisure and hospitality and state government. Because the Brunswick…
Georgia continues to outpace the nation in recovery from the COVID-19 pandemic due to a number of state-specific factors, and some industries in the state are experiencing dramatic growth. Our annual outlook for Georgia’s primary industries is based on research…
From its 2020 peak to trough, the Athens metropolitan statistical area (MSA) lost 13.7% of its jobs to the COVID-19 recession. The city is recovering slowly. By November 2021, it had reversed only 71% of its job losses compared to…
Sign up to get our free news roundup, Georgia Trend Daily, in your inbox
Sign up to receive the free monthly digital edition of Georgia Trend in your inbox
