US IT Spending forecast revisions in a crisis

If you work in financial services, it may be that you already have some idea what your future will be like but, if you are like me, you may be sitting there wondering how all of this is going to impact the more general IT world. In their 9/22 edition (seems like a long time ago at the moment), Information Week reported that Forrester Research has revised its predictions for IT spending for the rest of 2008 and 2009. Interestingly, Forrester has raised its 2008 estimates for US IT spending up from 3.4% to 5.4 % higher than 2007 spending. 

The 2009 forecast was 9.4% over 2008 but is now 6.1%. Taken over the two years, the new forecast are definitely lower but not by much. In the same article, IW reports that Gartner is sticking with its mid-August 2008 forecast of 4.5% growth in global IT spending. All of this information and more was in the "Newsfilter" section (by Chris Murphy and Marianne Kolbasuk McGee) of the paper version of IW.

Written by Michael D. Harris at 16:30
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