The COVID-19 Pandemic has created bottlenecks across industry pipelines, sales funnels, and supply chain activities. This has created unprecedented budget pressure on company spending for industry
leaders. This has increased requirement for opportunity analysis, price trend knowledge and competitive outcomes. Use the DBMR team to create new sales channels and capture new markets previously unknown.
DBMR helps its clients to grow in these uncertain markets.
The COVID -19 has impacted the expected change in GDP of all economies worldwide. In 2019 the global percentage change in GDP was 2.9% positive in 2020 it is expected to impact negatively by -3.0%. Though expectations are there of a rebound and extremely impactful 2021 with a positive change in GDP by 5.7%. The ASEAN 5 comprising of Malaysia, Singapore, Indonesia, Thailand, and Philippines will show the least impact in 2020 with -0.6% change in GDP compared to 4.8% in 2019. The ASEAN 5 is expected to have highest change positively in the percentage change in regional GDP of a magnitude of 7.7% in 2021.
CHANGE IN GROWTH RATE OF IT SPENDING WORLDWIDE
The COVID-19 pandemic has impacted the global IT spending drastically in the devices and equipment segment & contract services segment. Owing to the large market impact the potential growth of IT spending is revised to -5.2% for 2020 from 6.8% in 2019. In these times the Data Servers and Infrastructure is expected to be a winner with 7.5% growth in 2020.
Track Policy Reforms Across Regions: DBMR Country Development and Reform Tracker
How are the governments responding to the challenges posed by COVID–19 pandemic. How are countries changing its policies and developing reforms to help their citizens, small enterprises, countries economy and health? Are they ready enough to weather the storm? The DBMR country development and reform tracker help you to figure out the changes in global economy!