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Tech industry is poised for comeback in 2024 | Deloitte
Tech industry leaders are gearing up for a potential rebound in 2024, according to Deloitte's latest report.
High inflation, elevated interest rates, and considerable macroeconomic and global uncertainties contributed to a softening of consumer spending, lower product demand, falling market capitalizations, and workforce reductions in 2022. Apply to speak here Nevertheless, Deloitte’s report suggests that a comeback may be on the horizon, with economists revising down recession risks and analysts foreseeing the tech sector returning to modest growth in 2024. Prudent investments in supply chain resilience and data governance are recommended as hedges against geopolitical and regulatory shifts, while generative AI can streamline operations in the short term and accelerate long-term innovation efforts.
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