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Davos 2023

IBM chief says tech's outlook is strong despite economic slowdown

Krishna at Davos says industry growth to outpace that of global GDP by 2% to 4%

Arvind Krishna, chairman and chief executive of IBM, said Wednesday he is "more optimistic than some of the economists" on the overall global economic outlook. (Photo by Akito Tanaka) 

DAVOS, Switzerland -- IBM's chief gave an optimistic take on the outlook for the technology industry here on Wednesday at the annual meeting of the World Economic Forum in Davos, a view that is at odds with more pessimistic prevailing assessments of the global economy.

The tech industry will be 2% to 4% "faster growing than GDP," IBM Chairman and CEO Arvind Krishna said in a group interview, adding that he is "more optimistic than some of the economists" on the overall global economic outlook.

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