July 9, 2010 - Doubts about the health of the global economy persist, and although most CIOs were forgiven in 2008 for being unprepared to deal with the global recession, they are unlikely to experience the same if they’re unprepared a second time, according to Gartner, Inc.
Many economists are still maintaining that 2010 and beyond will be a period of modest recovery and growth. However, an array of factors including the possibility of nations defaulting on repaying huge loans, high unemployment rates, depressed housing prices, limited access to consumer and business credit and a growing belief that a sustained economic recovery may not be possible this year have shaken investor confidence in recent months.
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