Gartner Slashes 2012 Global IT Spending Forecast

Thursday Jan 5th 2012 by Staff

The uncertain economy and the crisis in Europe led the research firm to cut its growth projections from 4.6 percent to 3.7 percent.

All Things D: Market research firm Gartner has cut its 2012 growth projections for the global IT industry from 4.6 percent to 3.7 percent. It now forecasts worldwide annual IT spending of $3.8 trillion, or about $1 billion less than its last prediction. The firm also cut its longer-term growth forecasts, predicting 5 percent average growth per year through 2015.

Gartner said the change was necessary because of the uncertain economy and the ongoing debt crisis in Europe.

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