target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Note - Doc Document number: # AP50643123
An Asian Banking Crisis or an Asia-Driven Global Recovery? Implications for Asia Technology Spending
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.