US headed towards recession in the wake of coronavirus, but tech industry still optimist: Industry expert

WASHINGTON: The US is headed towards a recession in the wake of the fast-spreading coronavirus, but the Silicon Valley CEOs are optimistic about the growth of the tech industry, a leading Indian-American venture capitalist has said.

Founder of Indiaspora, a platform to unite Indian-Americans and to transform their success into meaningful impact in India and on the global stage, M R Rangaswami said the coronavirus crisis was more difficult than the global economic recession of 2008 because of virus’ uncertainty and invisibility.