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Virus outbreak derails Singapore exporters' hopes of recovery

ESG cuts 2020 NODX outlook to -0.5 to +1.5%, down a half-point from earlier projection

Annabeth Leow

Published Mon, Feb 17, 2020 · 09:50 PM

Singapore

SINGAPORE'S manufacturers and exporters had seemed poised for recovery as global trade sentiments improved in late 2019, but are now facing prolonged agony in the near term.

Trade agency Enterprise Singapore (ESG) has cut the full-year non-oil domestic exports (NODX) outlook to a range from minus 0.5 per cent to plus 1.5 per cent, down a half-point from an earlier projection of zero to 2 per cent growth.