26 Nov '14, 4am

Forecast drop in non-oil domestic exports for 2014 narrowed to 1-1.5%,

Forecast drop in non-oil domestic exports for 2014 narrowed to 1-1.5%,

Overall trade is projected to expand this year, but this growth is expected to ease to 0 to 2 per cent in 2015. PHOTO: SPH AFTER a likely dip in 2014, non-oil domestic exports (NODX) are tipped to rise 1 to 3 per cent next year. Overall trade is projected to expand this year, but this growth is expected to ease to 0 to 2 per cent in 2015. The forecasts were unveiled on Tuesday by International Enterprise (IE) Singapore . The government's trade promotion agency also narrowed the projections for Singapore's trade performance in 2014. The full year's NODX, projected in August to fall 1 to 2 per cent, has been revised to a 1 to 1.5 per cent dip. The growth forecast for total trade in 2014 has been adjusted from 1.5 to 2.5 per cent to 1.5 to 2 per cent. IE Singapore said the projections for 2015 are underpinned by expectations of higher global economic and trade growth, an impr...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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