Singapore cuts key exports forecast for 2024 amid weaker-than-expected recovery

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SINGAPORE: Singapore on Friday (Nov 22) cut its non-oil domestic exports (NODX) growth forecast for 2024 amid a weaker-than-expected recovery. NODX in 2024 is now expected to grow by about 1 per cent year-on-year, down from the forecast in August of a 4 to 5 per cent expansion, said Enterprise Singapore. "While the external environment is generally supportive of growth, uncertainties in the global economy such as a more challenging and competitive trade environment could weigh on global trade

Singapore cuts key exports forecast for 2024 amid weaker-than-expected recovery https://www.channelnewsasia.com/ - 22.11.2024 10:19
Singapore cuts key exports forecast for 2024 amid weaker-than-expected recovery https://www.channelnewsasia.com - 22.11.2024 05:07

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Singapore cuts key exports forecast for 2024 amid weaker-than-expected recovery https://www.channelnewsasia.com/ - 22.11.2024 10:19
Singapore cuts key exports forecast for 2024 amid weaker-than-expected recovery https://www.channelnewsasia.com - 22.11.2024 05:07