TECH SUPPLIER May 2023 - Market Note - Doc # AP50643123

An Asian Banking Crisis or an Asia-Driven Global Recovery? Implications for Asia Technology Spending

By:

Ashish Kakar
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,
Dr. Chris Marshall
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,
Sandra Ng
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Abstract

The IDC study has found no significant issues with Asia banks and the economy. We predict that the banks will stay liquid and solvent and will continue with their technology investments. While recessionary headwinds will exist, we don't expect a severe and prolonged recession.


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