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A Recession In The US May Force IT To Look For Outside Services

In the last two years, TCS, Infosys, and Wipro have been profitable and their salaries are increasing. But now their margins are at risk because of a potential economic slowdown in the US. The recession could prolong wage costs and reduce attrition from job seekers who are considering new jobs in the IT sectors. The […]

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Global economic growth to drop 4.4% after slowdown in U.S. and China: report

A new report by International Monetary Fund (IMF) shows reduced rate of global economic growth at 4.4 percent, lower than its earlier prediction of 4.9 percent. The report states that the larger than expected lockdowns in United States (U.S) and China are responsible for this reduction.  “We project global economic growth this year at 4.4 […]

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