Aust recession possible, says economist
An economist believes Australia may face a recession in 2014 unless interest rates and the dollar both fall sharply.
An economist believes Australia may face a recession in 2014 unless interest rates and the dollar both fall sharply.
Recessionary talk is in the air once again, thanks to the good folks at Gartner. In a July report, Gartner urges CIOs to prepare for a second economic downturn-if one should ever occur.
The global recession took a major toll on enterprise software vendors and their customers in 2009, leading to flagging license sales and tight IT budgets. But the economy also prompted a series of policy changes and concessions from vendors that could make users' lives easier in the long run, especially if they become broader trends.
Intel President and CEO Paul Otellini said the economy has already hit rock bottom and now that it's emerging from the recessionary mire, companies are about to take the lid off of IT budgets.
Some sectors in the electronics industry are showing signs of recovery, but the damage caused by the recession may be felt for a few years, Gartner said in a study released on Monday.
A new report from recruitment company Hudson has reinforced what most of us take for granted: recessions make staff nervous.
Despite having to cope with massive budget cuts, salary freezes and demoralized staffs, most employed IT executives are more satisfied with their jobs this year than they have been in previous years, according to the results of a job satisfaction survey conducted by ExecuNet.
No one has to remind CIOs just how bad the last 10 months have been: New data from our exclusive survey of top IT executives shows that CIOs may have hit rock bottom with their budgeting and cost-cutting measures.
Despite the fast pace of economic deceleration, CIOs have managed to quickly cut costs across the business without having a considerable impact on business outcomes and staff morale, Forrester Research has found.
There has been much discussion about the global economic recession's impact on the price of IT outsourcing services. The consensus has been that buyers keen to cut costs coupled with decreasing demand for IT services would drive prices down across the outsourcing market -welcome news for IT executives under pressure to slash their budgets while maintaining quality.