With the prolonged campaigns of central banks worldwide against inflation with interest rate hikes becoming a new normal for the market and the economy, a slowdown in the developed economies during the last quarter of 2022 and the first quarter of 2023 seems all but inevitable. However, despite such widespread pessimism, economists are still wary of forecasting a global recession.
Moreover, with China expected to rebound from an unusually weak 2022, many forecasters see global output rising by around 2%. In such a scenario, small, fundamentally strong, and well-run businesses might be best placed to benefit.
