GLOBAL BANKING CRISIS TO FURTHER HIT INDIA’S PROBLEMATIC TECH JOB SITUATION
TECH LAYOFFS IN FIRST THREE MONTHS ALREADY EXCEED 2022 WHOLE YEAR NUMBERS
2023-03-29 11:31
-
It is increasingly becoming clear that the crisis in global banking has not played out even a small part. While the immediate fallouts leading to bankruptcies and similar consequences appear to have been contained somewhat, fears are lingering. The prospects of a recession in the global economy stand more pronounced than before. In simple terms, when people fear trouble ahead, they stop spending money, which sets off a chain reaction that affects every economic activity. And this gets reflected at every level of the economy, including credit, capital and investment, which have an overbearing impact on the full economy.