Tighter lending standards stemming from the banking crisis and the Fed’s interest rate hikes to bring inflation down will likely tip the economy into a recession later this year. Despite the uncertain macroeconomic conditions, investors may consider buying and holding growth stocks BorgWarner Inc. (BWA), AGCO Corporation (AGCO), and Barloworld Limited (BRRAY).
Before diving deeper into the fundamentals of these stocks, let me explain why the stock market is expected to remain under pressure.
