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Recession, rate hikes seen jamming brakes on global 2023 earnings growth

  • 📰 Reuters
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Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflation and rising interest rates take an even bigger toll and companies brace for the likelihood of a global economic downturn.

Rising rates have especially hurt technology and other growth shares this year. Tech sector

Barclays head of European equity strategy, Emmanuel Cau expects earnings to provide a headwind for equities. The UK bank sees earning per share growth falling 12%. STOXX 600 companies are expected to report a rise of about 8% in earnings in the first quarter of 2023, based on Refinitiv IBES data as of Friday.

 

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