‘Discretionary IT spends down’
Niteen Tulpule, Director-Corporate Finance, KPMG, decided to play it safe when eWorld asked him about the recovery from the US slowdown. “It is still early to comment on the timeframe for a turnaround at this point. The full impact of the sub-prime crisis has still to play out.”
However, he sees positives in commodity prices coming off their recent highs and oil prices declining as well as some positive economic data trickling in from the US.