Key Macro Risks For Tech Industry in 2023
The macro-environment saw a rollercoaster ride in 2022, one where our Counterpoint Macro Index dropped from 106.17 to 82.88 between January and November. Several factors contributed to the decline, such as the war in Ukraine, high inflation, the possibility of a global economic recession, and China’s strict COVID-Zero policies. Besides, interest rate hikes by the Federal Reserve not only slowed economic growth but also strengthened the US dollar, the effects of which were particularly painful...