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In my experience, things are a bit similar in Austria, Europe. I had worked an internship in a software development company around 2016, and things were splendid. Everybody was in a good mood, and things seemed to move smoothly. One year later, in 2017, people were holding back a bit more.
I went there again in 2019, and it was okay. In 2020, the business closed.
I think the halt of economic growth is a global phenomenon. Throughout human history, there used to be three big waves of development:
now, it seems to me, the economy is fully developed, and growth slows down. The only growth i foresee in the future will be the settlement of Mars (because mars can theoretically hold up to 1 billion people), and "cleaning up" on Earth (renewable energy).
I was with you up until the Mars bit ๐