“High Inflation, supply chain and Interest rate increases have continued to cause economic uncertainty over the past year. Global pandemic has proven to be one of the most challenging in the past. With Covid moving in and out of the spotlight there were many other moments that caught our attention- from royals to reality. Whether dining in and dining out taught us that food has meaning that goes well beyond calories and comfort. It was a good year for our organizational efforts but there are many reasons to be skeptical. The war in Ukraine drone strikes in Afghanistan, covid lock downs, the Beijing Olympics, the death of queen Elizabeth, these were among the biggest global stories of the last year. late in the year and late in the launch, NASA‘s Artemis 1 moon mission rocket blasted off and completed its mission, putting the state’s Kennedy Space Center back in headlines. The past year has seen no shortage of disruptive cyber-attacks targeted governments, hospitals, cryptocurrency firms, and many other organizations with impunity.
As the new year approaches, economic cheer is scarce on the ground amid a darkening outlook marked by recession and persistent inflation. Investors will have to remain cautious and look for the silver linings in 2023 as the world economy slows down. The housing market will crash or it will correct itself from the double-digit percentage seen in home prices last year. The market may continue to face choppiness in 2023 as investors navigate potentially declining earnings and rates high for longer than expected. I believe it’s most likely that the market won’t experience a significant downtrend or uptrend for the year and may instead follow a sideways path. 2023 could be a fairly decent year for the capital market. If the economy avoids a recession, there could be a good-sized snapback in stocks”.
(Paul Chhabra is a restauranter based in Virginia)