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Economists keep NODX forecast for 2022 despite seeing slowdown in NODX growth in the 2H2022

Felicia Tan
Felicia Tan8/19/2022 04:12 PM GMT+08  • 6 min read
Economists keep NODX forecast for 2022 despite seeing slowdown in NODX growth in the 2H2022
Singapore's CBD. Photo: Bloomberg
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Even though Singapore’s non-oil domestic exports (NODX) exceeded market expectations in July, economists still see a potential slowdown in the country’s NODX growth in the second half of the year (2H2022).

UOB concerned on weakening demand from China and Japan

UOB’s senior economist Alvin Liew has kept his full-year NODX growth forecast at 5% for 2022, compared to his 12.1% forecast for 2021.

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