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PwC capital market analysts expect that Q3 economic activity will likely show a soft rebound in real GDP growth with inventory growth and net trade driving positive growth. While higher inflation continues to erode consumer purchasing power, consumer demand should remain a positive driver of growth over the next few quarters. However, with the Federal Reserve expected to continue hiking interest rates at a relatively aggressive pace, they expect economic growth to slow further in the near term.
Seasoned professionals across the capital markets are applauding valuation resets that better reflect reality. This allows issuers to focus on long-term growth and success, and provides less incentive to make decisions that deliver only short-term stock pops at the expense of a company’s outlook, health and fundamentals.
