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Tech manufacturers could see demand shrink amid looming recession: analysts

Yong Jun Yuan

Yong Jun Yuan

Published Tue, Oct 11, 2022 · 05:50 AM
    • Analysts expect demand to slow as consumers tighten their wallets amid a weaker macroeconomic environment.
    • Analysts expect demand to slow as consumers tighten their wallets amid a weaker macroeconomic environment. PHOTO: REUTERS

    AS rising macroeconomic headwinds batter markets, analysts believe technology manufacturers could experience a significant pullback in demand as consumers tighten their belts.

    Head of OCBC Investment Research Carmen Lee, for one, said that while the fourth quarter is historically a busy period for such manufacturers amid the year-end festive period, it is unlikely to be as busy this year as the global economy faces several key risks.

    “High energy costs, elevated inflation and rising interest rates are brutal factors that will impact consumer consumption and corporate earnings outlook.

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