Tech Giants Bet on Cost Cutting Initiatives, Emerging Tech for Thriving in a Challenging Economyby@chinechnduka
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Tech Giants Bet on Cost Cutting Initiatives, Emerging Tech for Thriving in a Challenging Economy

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The IMF predicts that after peaking at 6% in 2021, global growth would decline to 3.2% in 2022 and 2.7% in 2023. This would be the weakest growth profile since 2001 aside from the global financial crisis and the COVID-19 pandemic's severe phase. Big tech companies like Amazon, Meta, and Google are fortifying their defenses against an impending global economic slowdown.

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