2019 growth forecasts for NODX, trade pared back
The downgrades come after Q3 NODX and total trade fall 9.6 per cent and 6.7 per cent respectively
Singapore
AS NON-OIL domestic exports (NODX) tumbled for a fourth straight quarter in July-September, the government has further trimmed its 2019 growth forecast for the NODX to -10.0 to -9.5 per cent from a year ago.
It has also downgraded this year's growth forecast for total merchandise trade to -4.5 to -4.0 per cent, said the trade promotion agency Enterprise Singapore (ESG).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
RBA to keep key rate at 12-year high as inflation stirs anew
EU chief says will urge ‘fair’ China competition in talks with Xi
Netanyahu says nothing will stop Israel from defending itself
IMF says its mission will visit Pakistan this month to discuss new loan
Saudi Arabia hikes oil selling prices for all grades to Asia
Slowing global economy to mean smaller revenue bump in Australian budget