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Saturday, Aug 29, 2026
Outside the box.
IBM Chairman and CEO Arvind Krishna says tech's outlook is strong, despite economic slowdown
IBM Chairman and CEO Arvind Krishna gave an optimistic take on the outlook for the technology industry, at the annual meeting of the World Economic Forum in Davos.
The tech industry will be 2% to 4% "faster growing than GDP," IBM leader Mr. Krishna said in a group interview, adding that he is "more optimistic than some of the economists" on the overall global economic outlook.
Nearly three quarters of CEOs believe global economic growth will decline over the next 12 months, according to PwC's survey, which polled about 4,400 CEOs across the world in October and November last year, that was announced here on Monday. The survey's findings were the most pessimistic in over a decade.
However, Krishna said that the tech industry will be resilient in the global economic slowdown.
"Everyone is going to go forward for digital transformation because it's the only way to scale a nation or a company without having a lot of labor cost," he said.
Nearly three quarters of CEOs believe global economic growth will decline over the next 12 months, according to PwC's survey, which polled about 4,400 CEOs across the world in October and November last year, that was announced here on Monday. The survey's findings were the most pessimistic in over a decade.
However, Krishna said that the tech industry will be resilient in the global economic slowdown.
"Everyone is going to go forward for digital transformation because it's the only way to scale a nation or a company without having a lot of labor cost," he said.