European Economic Woes to Affect IT Spending
The economic woes in Europe will have a negative impact on worldwide IT spending for the rest of the year, according to research firm Gartner.
Gartner analysts in a report July 1 said they expect global IT spending in 2010 to hit $3.35 trillion. That would be an increase of 3.9 percent over the $3.25 trillion that was spent in 2009, but a drop from the 5.3 percent growth Gartner had predicted in the first quarter.
Much of that decline is due to the devaluation of the euro vs. the U.S. dollar, according to Gartner.
To read the original eWeek article, click here: European Crisis to Hurt IT Spending: Gartner