While the World Health Organization declared on July 5 that the epidemic of severe acute respiratory syndrome, or SARS, had been contained, the world economy will continue to feel the effects of the deadly disease for some time.SARS, which infected 8,436 people in 30 countries and killed 812 since the first case was reported in China last November, will cost the global economy $30 billion, according to a widely cited estimate by Morgan Stanley’s chief economist. IT analysts report that lowered technology investments will, like the disease itself, hit Asian countries such as China and Taiwan the hardest. Aberdeen Group says both demand for technology goods and the supply of silicon chips and other computer components will drop. That will cost China an estimated $1.7 billion in IT spending as global technology expenditures will drop by $2.2 billion, Aberdeen predicts. IDC (a sister company to CIO’s publisher) projects China will lose about $1 billion in information technology spending. That translates to an IT spending growth rate of 6.1 percent instead of 7.6 percent for 2003. Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe