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IE upgrades 2018 NODX forecast on 2017 rebound

NODX growth of 1-3 per cent expected, up from previous prediction of 0-2 per cent

Janice Heng

Janice Heng

Published Wed, Feb 14, 2018 · 09:50 PM
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Singapore

SINGAPORE'S trade forecast for 2018 has been upgraded, after a turnaround in 2017 which saw non-oil domestic exports (NODX) growing at the fastest pace in seven years.

NODX growth was 8.8 per cent in 2017, a stark reversal of the 2.8 per cent decline in 2016.

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