Omar Choucair, CFO, Trintech, has spent 20+ years leading financial and administrative organizations for public and private companies. getty In a continued inflationary environment, with additional interest rate hikes expected and many signs pointing to a looming recession on the horizon, profit margins are likely to trail the original forecasts made at the beginning of 2023. Tech companies have been hardest hit by rising interest rates and economic volatility. These 'growth stocks' including Microsoft, Amazon, Apple, Tesla and Google have all lost 'at least 20% of their market value since the beginning of the year.