KUALA LUMPUR: The sharp downturn in the global tech cycle has been identified as one of the factors contributing to the decline in manufacturing and world trade growth over the past year or so, Fitch Ratings says.
The ratings agency said yesterday that the tech cycle, as measured by global semiconductor sales, and the world trade cycle (in current US dollars) have been closely correlated historically.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
