Growth stocks got pummeled in 2022 due to various macroeconomic and geopolitical headwinds. However, they are expected to stage a recovery this year with the expected slowdown in interest rate hikes in response to easing inflation.
The consumer price index rose 6.4% year-over-year in January, down from 6.5% in December and the peak of 9.1% in June. The central bank acknowledged the cooling inflation and raised interest rates by 25 basis points this month, the smallest increase since it began hiking rates in March last year.
