Singapore's December trade rebound set to continue into 2021

Singapore

ANALYSTS are pencilling in a solid economic recovery for Singapore and the region, after non-oil domestic exports (NODX) surged in December. The rebound is tipped to carry over into the new year, as Asian economies shake off the Covid-19 malaise.

Non-oil domestic exports (NODX) closed off the year on a high note, breaking a two-month losing streak to add 6.8 per cent year on year in December, according to preliminary figures released by trade agency Enterprise Singapore (ESG) on Monday.