IT Budgets and the looming recession
September 2022 was marked by the unhappy occurrence of two major events – Russia’s invasion of Ukraine and a continued decline in the health of the world’s economy. And with inflation rising, energy prices still high and interest rates creeping up, organizations across the world have started to prepare themselves for what some experts predict will now be a deep global recession.
In the same month we surveyed 1,600 IT professionals and decision makers from across the world to get a better idea of how organizations are preparing for the coming year. Critically how those preparations impact their predicted investment in IT.