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Global IT spending to dip 6% in 2009: Gartner

Global IT spending to dip 6% in 2009: Gartner
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First Published: Tue, Jul 07 2009. 03 40 PM IST
Updated: Tue, Jul 07 2009. 03 40 PM IST
Mumbai: Research firm Gartner said on Tuesday it expects global spending on information technology to fall 6% in 2009, sharper than an earlier forecast of 3.8% due to the economic downturn and exchange rate movements.
“While the global economic downturn shows signs of easing, this year IT budgets are still being cut and consumers will need a lot more persuading before they can feel confident enough to loosen their purse strings,” Richard Gordon, Gartner’s head of global forecasting, said in a statement.
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First Published: Tue, Jul 07 2009. 03 40 PM IST