Economists upgrade Singapore's trade outlook on hopes of strong export demand
ANALYSTS have upgraded Singapore's trade outlook for 2021, in the wake of the better-than-expected export performance in the first half.
External demand is tipped to stay strong in the next six months, even though Covid-19 outbreaks in key markets cast a pall over the forecast.
That's as non-oil domestic exports (NODX) jumped by 15.9 per cent year on year in June, picking up from 8.6 per cent in the previous month, according to the latest Enterprise Singapore (ESG) figures released on Friday.
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