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Global tech budgets to shrink by 2.4% in 2015

Despite talk of expanding technology budgets at private banks here in Asia, in the immediate short-term, IT budgets at banks worldwide are expected to dip by 2.4% this year to US$486.3 million, say Gartner analysts. The slowdown is driven by the rising US dollar and the slump in the BRIC markets, the report suggests. The global currency fluctuations have affected spending…

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