Wall Street Beat: Cautious Optimism Reigns for Tech

Friday Dec 4th 2009 by Datamation.com Staff

Despite lingering concerns about global economic stability, analysts for the most part remain confident that IT will continue to lead markets out of the recession.

Global IT spending will increase by 3.2 percent in 2010, attaining the 2008 spending level of about US$1.5 trillion, IDC said Thursday. The research company said it based its prediction on a fairly conservative forecast -- an increase of 2.6 percent -- for global GDP growth.
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