The likelihood of a slowdown in the US and Europe has led to investors and analysts turning cautious about the IT sector’s prospects. Most large software services exporters derive a large chunk of their revenues from developed economies. The dim outlook for IT spending has resulted in analysts cutting earnings estimates for these companies.
US stock market loses $4 trillion in value as Trump plows ahead on tariffs
A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico
March 11, 2025