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2019 growth forecasts for NODX, trade pared back

The downgrades come after Q3 NODX and total trade fall 9.6 per cent and 6.7 per cent respectively

Published Thu, Nov 21, 2019 · 09:50 PM

Singapore

AS NON-OIL domestic exports (NODX) tumbled for a fourth straight quarter in July-September, the government has further trimmed its 2019 growth forecast for the NODX to -10.0 to -9.5 per cent from a year ago.

It has also downgraded this year's growth forecast for total merchandise trade to -4.5 to -4.0 per cent, said the trade promotion agency Enterprise Singapore (ESG).

For 2020, ESG has tipped the NODX and total trade growth to pick up by…

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