Asia Pacific’s growth rate of 4.3 percent in 2013 in local currency terms is hampered by slowing growth in China and India but offset by improvements in Australia, Japan, and South Korea, according to Forrester Research's latest global ICT spending forecast. The report projects a sharp drop in the value of the yen against the US dollar — a side effect or, perhaps, an intended main result of Abenomics — means that the Asia Pacific tech market will actually decline by 3.2 percent when measured in US dollars.
Click here for full story
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
