SINGAPORE (Dec 18): RHB Research is expect real export growth to moderate to 3.9% in 2018 and 3.6% in 2019, after Singapore’s non-oil domestic exports (NODX) contracted by 2.6% y-o-y in November.

“The dimmer outlook for the advanced and regional economies will likely translate to a more modest external environment for Singapore,” says RHB’s Singapore research team in a Monday report.

While global demand is still expected to expand, RHB says the rate of growth next year is likely to be “less assertive”.

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