The Samoa economy is expected to grow by nearly three per cent in the current financial year, according to the Central Bank of Samoa.
The Samoa Observer reports the bank's Monetary Policy Statement for 2014 also shows that the estimated growth could come under threat due to doubts about automotive exports.
The report says ongoing spending on cyclone recovery and preparations for major conferences later this year will both contribute to Gross Domestic Product.
However it says while confidence was high last year in the 2014 forecast, the confidence now appears under threat with the Yazaki automotive manufacturing plant, which employs over 800 people, possibly facing closure as early as 2017.
This follows news that General Motors will close down its Holden operations in Australia, with some experts predicting this would mean a similar closure for Toyota - a major Yazaki customer.
