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2019 exports forecast slashed as Q2 performance dives 14.6%
ESG sees full-year contraction of -9 to -8%; manufacturing sector already in technical recession
Add BT as a preferred sourcePublished Tue, Aug 13, 2019 · 09:50 PM
Singapore
IT WAS a sea of red as Singapore's non-oil domestic exports (NODX) sank by double digits in the second quarter, marking its third straight quarter of decline.
This led Enterprise Singapore (ESG) to slash the full-year NODX forecast again to a contraction of -9 to -8 per cent - a sharp cut from the -2 to 0 per cent range that was revised in the first quarter.
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