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Singapore: Slump in Singapore exports forecast to ease though shipments will still contract in 2016
Singapore: Slump in Singapore exports forecast to ease though shipments will still contract in 2016
Thurday, 11 August 2016 – Singapore’s trade promotion agency has tightened upwards its forecasts for non-oil domestic export (NODX) growth for 2016 to -4 to -3.0 per cent from -5.0 to -3.0 per cent previously.
It also narrowed upwards its forecast for 2016 growth in merchandise trade (total exports plus total imports) to -7.0 to -6.0 per cent from -8.0 to -6.0 per cent, saying that “the drag from oil prices in year-on-year terms is likely to ease in the second half of this year”. Read More?