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March exports surge 17.6% but economists see more gloom ahead

Enterprise Singapore, which released the data, says March performance due to low base a year ago from US-China trade war

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Sharon See

Sharon See

Published Fri, Apr 17, 2020 · 09:50 PM
    Defying the odds

    Singapore

    SINGAPORE'S exports grew by a surprising 17.6 per cent in March, defying the odds of a coronavirus-led slowdown, but economists believe this good showing is unlikely to continue into April and beyond.

    The jump in March's non-oil domestic exports (NODX) has dramatically exceeded private-sector economists' expectations. They had predicted a contraction of 8 per cent, according to a Bloomberg poll.

    Singapore economyCovid-19

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