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NODX tipped to expand 5.5-6% in 2018

Growth forecasts for trade and NODX were sharply raised after better-than-expected showing in the third quarter

Published Thu, Nov 22, 2018 · 09:50 PM

Singapore

TOTAL merchandise trade as well as non-oil domestic exports performed better than expected in the third quarter, leading the government to raise sharply its full-year growth forecasts.

Total trade rose for an eighth straight quarter at 14.7 per cent over a year ago in the July-September quarter, extending the second-quarter's 10.2 per cent jump - thanks to higher oil and non-oil trade, according to the government's trade promotion agency Enterprise Singapore.

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