Better showing for trade sector; IE maintains forecasts

[SINGAPORE] Even though the trade sector improved in the first quarter, the government is not raising its 2014 growth forecasts for trade and non-oil domestic exports (NODX).

Trade promotion agency International Enterprise (IE) Singapore said yesterday that it was maintaining its earlier growth projections of 1 to 3 per cent for both.

Though the global economy is likely to be in better shape this year than it was in 2013, especially in the developed markets, IE Singapore sai…