Non-oil domestic exports tipped to fall 1 to 4 per cent for 2020

Singapore

WITH Covid-19 morphing into a full blown global pandemic in March that prompted governments to impose a near-freeze on movements and economic activities to tame the spread of the novel coronavirus, hopes for a recovery in Singapore's exports this year appear to have been dashed.

Even as governments are cautiously reopening their economies, Singapore's trade promotion agency Enterprise Singapore (ESG) is looking at the key non-oil domestic exports (NODX) tumbling by as much as 4.0 per cent year on year in 2020,