IT Spending Continues to Stall

Slowing U.S. economy takes its toll on technology investments. 

Global IT spending will decrease in the next 12 months as companies begin to feel the pinch of a slowing U.S. economy, according to new research from IDC.

In a Feb. 11 report, the research firm found global IT spending will increase about 5 percent in 2008 and total about $1.38 trillion for the year. Last year, worldwide IT spending increased about 6 percent and totaled about $1.3 trillion.

Within the U.S. market, spending for IT is expected to grow only 4 percent in 2008 after increasing 6 percent in 2007. IDC analysts found that a downward turn in the U.S. market, especially if the economy falls into a recession, will have a wide-reaching impact worldwide.

For the full story, see: IDC Predicts Less IT Spending in '08

This article was originally published on 02-11-2008
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