Better showing for trade sector; IE maintains forecasts
[SINGAPORE] Even though the trade sector improved in the first quarter, the government is not raising its 2014 growth forecasts for trade and non-oil domestic exports (NODX).
Trade promotion agency International Enterprise (IE) Singapore said yesterday that it was maintaining its earlier growth projections of 1 to 3 per cent for both.
Though the global economy is likely to be in better shape this year than it was in 2013, especially in the developed markets, IE Singapore said downside risks remained. It pointed to "the pace of QE (quantitative easing) tapering" in the United States and "the ongoing restructuring" of the Chinese economy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million