Many analysts expect the U.S. economy to maintain its recovery pace this year. However, the U.S. ban on Russian oil imports has contributed to skyrocketing oil and commodity prices worldwide. Although the United States is said to have sufficient energy resources to meet its needs in the near term, 40-year high inflation in February, rising oil prices, looming interest rate hikes, and global supply chain issues with the lockdown of major Chinese cities could hurt the U.S. economic recovery in the near term.
However, analysts expect past stimulus spending to drive economic growth this year and beyond. So, growth-focused companies should benefit. Investors’ interest in growth stocks is evident from the iShares Russell Top 200 Growth ETF’s (IWY) 7% returns over the past year.
