Economy keeps shrinking; world recovers

By Adel Fruean 24 October 2021, 7:16PM

Samoa’s economic decline continues as our main trading partners begin to show signs of economic revival, eighteen months since the COVID-19 pandemic led recession began, a new report has found.

Samoa’s total economic output for the June quarter of this year (also known as its Gross Domestic Product) fell by 8.1 per cent on an annual basis, when adjusted for inflation. 

By Adel Fruean 24 October 2021, 7:16PM
Samoa Observer

Upgrade to Premium

Subscribe to
Samoa Observer Online

Enjoy access to over a thousand articles per month, on any device.

Ready to signup?