NODX tipped to drop 1% in 2020

Submitted By:  Clarist Zablan Case Study:  No It could worsen if the COVID-19 outbreak becomes more widespread. Non-oil domestic exports (NODX) is projected to decline 1% in 2020 after a brief recovery in December as the economy braces for a weaker growth on the back of the COVID-19 outbreak, according to a note by UOB. This is also expected to drag overall economic growth, with the city’s GDP now expected to grow by merely 0.5% YoY in 2020. read more