Tech in a time of crisis

The world is in a time of crisis. Global economic activity is forecast to continue slowing in 2024 due to a plethora of intersecting issues. These include, among others, international supply chain problems, a labor shortage, high inflation and interest rates, and Russia’s invasion of Ukraine and the subsequent energy crisis. Moreover, the combination of crises threatens stability and recovery, and the risk of a global recession remains high in 2024, according to IMF forecasts. However, in the face of rising economic, political, and social headwinds, businesses can initiate change and adapt to the current circumstances.