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Global economic instability will affect tech sector
The technical definition of a recession involves a fall in gross domestic product (GDP) over two consecutive quarters and many US business leaders are now predicting recession, seemingly due to the sharp decline in equity prices. The fact is, if business leaders really believe a recession is imminent, perhaps they will cut back on investment spending in a way that suppresses overall economic activity. Psychology matters.
Elon Musk is even more pessimistic than most economists and Wall Street experts. The Tesla CEO said in a May 16 Twitter post the U.S. is probably already in a recession that will last anywhere from 12-to-18 months. There is fear of a recession growing, macroeconomic factors "will affect the tech sector," said Alphabet and Google CEO Sundar Pichai. Google and other major tech players in the U.S. have continued to grow, due to COVID-19 pandemic. However, supply chain disruptions have cast a shadow over their business and their stock prices have dropped sharply since the start of the year owing to the Russia-Ukraine war, China lockdowns, high inflation and interest rate hikes, resulting in Big Tech stocks nose-diving. Alphabet's stocks are down by 22 per cent this year, as tech companies are battered by the worldwide slump in the markets. "Google definitely sees uncertainty ahead, like everyone else," Pichai was quoted as saying earlier this month. Snap, the parent company of Snapchat, is also slowing down on hiring this year. Pichai also pointed to the Russian invasion of Ukraine and monetary tightening by central banks around the world as concerns. "Economies tend to have cycles, and the tech industry tends to have more volatile cycles," he said, noting that the industry was bound to be affected somewhat by political and economic instability.
As business conditions worsen, Netflix has announced layoffs and Facebook parent Meta revealed plans to curb investment. Another concern is the acceleratingBy VARINDIA| 207 views
Sonam Kapoor Looks Stylish & Elegant at The Versace Luxury Project Launch
Check Out: Sonam Kapoor Looks Stylish & Elegant at The Versace Luxury Project Launch
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India - USA Trade Statistics
Comparative Trade Statistics for the Years 2013 & 2014
(Top 25 Products)Watch India - USA Trade Statistics With HD QualityBy Indian Trade Portal| 471227 views
Bigg Boss 18 | Boss Meter Trend Me Elvish Yadav Ki Entry, Vivian vs Rajat Dalal
Bigg Boss 18 | Boss Meter Trend Me Elvish Yadav Ki Entry, Vivian vs Rajat Dalal
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Bigg Boss 18 | Boss Meter Trend Me Elvish Yadav Ki Entry, Vivian vs Rajat DalalBy Bollywood Spy| 4804 views
GAIL bringing INDIA together
GAIL India increasing it's capacity and serving all over INDIA.
Watch GAIL bringing INDIA together With HD QualityBy GAIL Social| 735897 views
JUD ने कर दिया इशारा, B JP के साथ होगा खेला | Nitish Kumar | Alliance India | Lalan Singh |#dblive
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Delhi-NCR में भूकंप के तेज झटके, मचा हड़कंप | Delhi NCR Earthquake LIVE Updates
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Delhi-NCR में भूकंप के तेज झटके, मचा हड़कंप | Delhi NCR Earthquake LIVE UpdatesBy PunjabKesari TV| 4142 views
How To : Fuller lips with Easy Techniques - No Lip Liners - No Overlining Ft. Pilgrim Lip care range
Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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Facebook: https://www.facebook.com/prettysimplenkBy Nidhi Katiyar| 398485 views
Monsoon | Shimla | Damage
The southwest monsoon has wreaked havoc as soon as it entered Himachal Pradesh. This time, compared to last year, the first rain of the monsoon has caused heavy damage in many places in Shimla. Heavy rains have brought a lot of debris on the road in Malyana, Chamiyana, Bhattakufar, Mini Kuftdhar and Shurala and other places in the city. Many vehicles parked on the roadside have been buried under the debris. Landslides have caused damage at many places. Vehicles have been damaged by the debris of the under-construction four-lane in Shurala.
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Monsoon | Shimla | DamageBy Himachal Abhi Abhi| 11031 views
बारिश से खुली निगम की पोल, नाली का कचरा आया सडकों पर...इलाके के कई हिस्से में भरा पानी | Jagdalpur
INH, बारिश से खुली निगम की पोल, नाली का कचरा आया सडकों पर...इलाके के कई हिस्से में भरा पानी | Jagdalpur
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INH 24x7 is The Best Hindi News Channel of Madhya Pradesh and Chhattisgarh. This Channel is the organization of the country's most Prestigious Hindi daily News Paper Group Hari Bhoomi . INH 24x7 News Channel Covers Latest News in Politics, Crime, Entertainment, Bollywood, Business and Sports. Stay Tuned for Live News and Breaking News From INH 24x7 News Channel. With INH 24x7, watch all the important and Latest News of the country and the state ...
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INH 24x7 Telegram ???? : https://tBy Inh News| 17177 views
