from the article: "Windows 11 would underpin a massive refresh cycle"
then you mention:
"As we head in to a seemingly global recession" etc.
"Is it really only me?"
Not just you. These kinds of economic factors are intuitively obvious to those who understand these things.
Prior to layoffs and cutbacks, businesses stop buying new computers and related hardware, and try to make do with what they have. And if Windows 11 (like Vista did) has extra hardware requirements, no "up"grade to windows 11 either.
reference THIS reg article too: https://www.theregister.com/2022/10/10/windows_11_adoption/?td=rt-3a
I suppose Micros~1 was VERY short-sighted when they released 11 with the extra hardware requirements when they SHOULD have been able to predict BOTH the inflation AND the recession back in November of 2020.(it was released october last year). So in effect the Micros~1 marketeers did a LOUSY business forecast (So much for ESG-style thinking). And because of the lackluster nature of the "new shiny", the need to buy new hardware is greatly diminished.
So right now companies want to stay alive without laying off. As things get worse, this may change. I do not know how bad things can get in EU and UK right now after Putin's pipeline was destroyed, but here in the USA the high fuel prices and even higher living expenses mean employees want BIG raises. and companies have to cut costs wherever, they can, and those pay raises are likely to be lukewarm to none at all.
So yeah, no extra $ for equipment upgrades at the moment.
For me this means wait for a bargain before I replace my server with something I build from scratch (like the others) because it is ~15 years old. Sometimes low demand brings low prices so those who have a budget can take advantage of it, NOT get the bleeding edge machine, and have something that would have cost me 5 times as much if I bought it 2 years ago.
[assuming I survive the recession]
[unrelated I do not like this new interface for comments. the edit font is STILL way too small and now the buttons look 2D FLATSO like Win-10-nic. AT LEAST ADD A SHADOW EFFECT - if you want a CSS example I can give you one]