Singapore cuts 2020 forecasts for NODX, total trade again on back of COVID-19 hit, lower oil prices

SINGAPORE: Singapore has cut its forecasts for non-oil domestic exports (NODX) and total merchandise trade for 2020 again, on the back of a more severe hit from the COVID-19 pandemic and lower oil prices. NODX is now tipped to fall between 1 and 4 per cent this year, while total merchandise trade …