With geopolitical uncertainty in Europe and Asia, global supply chain disruptions, and the US Fed continuing to raise interest rates, global markets remain in a general state of uncertainty, with the prospect of a recession looming. However, Singapore has shown signs of resilience against these global economic pressures, with a strong performance from local banks reported in Q3.

Paul Chew, Head of Research, Phillip Securities Research shares more on how global market volatility will continue to affect Singapore's overall outlook.