Samoa's economy to grow despite cyclone

Cyclone Evan's wrath... A tree is ripped out of the ground in front of the Central Bank of Samoa building in Apia. (Credit: ABC licensed)

Samoa's economy will grow by 2.5 per cent this year despite the effects of Cyclone Evan, according to Asian Development Bank forecasts.

The cyclone killed at least 15 people and caused widespread damage to agricultural crops and infrastructure.

The Asian Development Bank said while there would be a short term impact on tourism and agricultural production, post-cyclone rebuilding would help stimulate the economy.

"With the investment that will be required to rebuild what's been destroyed and damaged in Samoa, that will actually create some growth," ADB Pacific economist Emma Veve told Radio Australia


Comment Here