Weakness of local currencies vs the dollar will force US vendors to act and act again
Chief information officers in Western Europe should buckle up for enterprise tech price inflation in 2023 unless local currencies stage something of a dramatic recovery against the US dollar.
Western Europe is projected to record the highest growth rate in EMEA during 2023, reaching $218.7 billion in customer spending. For the current calendar year, the UK is expected to outgrow France and Germany in local currency with a rise of 8 percent in British pounds. He said inflation levels are being compounded by the weakening of the pound and the Euro relative to the US currency.
EMEA – that ill-formed economic entity comprising 115 countries concocted by American businesses – has suffered from currency shift over the last year, impacting demand for IT products in the consumer sector.
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