The global chip shortage is not over yet, and the war in Ukraine continues to put a strain on supplies of important parts needed, says Vinay Gupta from IDC.
"IT spending, especially consumer IT spending, is showing signs of recession."
"But the hopes are that this will be a shallow slowdown, because the government and central banks are trying to balance the rising inflation and … interest rates," Gupta added.in July and perhaps in September as well, even if it slows the economy., or 0.75 percentage point, increase to its benchmark borrowing rate, the biggest such move since 1994.reported Apple's plans to slow hiring and spending on growth next year to deal with a possible downturn.
"If we talk about the IT services in Asia, most of them are feeling margin pressures because of increasing salary costs and skill gaps … in the market."
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