Singapore exports expected to stay buoyant but Ukraine war, China lockdowns pose headwinds
DEMAND for Singapore's key exports such as electronics could stay buoyant ahead, but economists are also warning of headwinds from the Russia-Ukraine war and China's localised lockdowns.
The growth of non-oil domestic exports (NODX) in February eased to its slowest in 6 months at 9.5 per cent year on year, down from the previous month's 17.6 per cent expansion, according to data from Enterprise Singapore on Thursday (Mar 17).
This surprised private-sector economists who predicted a 16.5 per cent increase, according to a Bloomberg poll.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
India’s 2023/24 fiscal deficit seen slightly better than projected: source
Daily Debrief: What Happened Today (May 9)
Iras to claw back S$60 million from buyers who used ‘99-to-1’ loophole to avoid ABSD
Court grants Iswaran’s application for single trial for charges related to Ong Beng Seng, David Lum
Trade between Singapore and Asean was at S$295.6 billion in 2023
AI lacks judgement to set interest rates, MAS chief says