Forecast drop in non-oil domestic exports for 2014 narrowed to 1-1.5%

But NODX is tipped to grow 1-3% next year after picking up in Q314 following two straight quarters of decline


AFTER a likely dip in 2014, non-oil domestic exports (NODX) are tipped to rise 1 to 3 per cent next year.

Overall trade is projected to expand this year, but this growth is expected to ease to 0 to 2 per cent in 2015.

The forecasts were unveiled on Tuesday by International Enterprise (IE) Singapore.

The government's trade promotion agency also narrowed the projections for Singapore's trade performance in 2014. The full year's NODX, projected in August to fall 1 to 2 per cent, has been revised...

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