The Monetary Authority of Singapore (MAS), in its Financial Stability Review 2024, emphasised that local businesses, households, and financial institutions have largely maintained financial resilience, allowing them to navigate challenges arising from political and economic uncertainties. However, MAS cautioned against complacency, urging vigilance toward changes in the external environment. In an interview, SMU Associate Professor of Finance Hu Jianfeng discussed insights from the MAS report, analysing how global financial and commodity markets have been impacted by conflicts in Europe and the Middle East, as well as the election of Donald Trump. He also discussed the implications of these macroeconomic factors on Singapore, in areas such as household debt, inflation, and broader economic stability.
