Analyst sees grim forecast for tech spending
The technology industry’s outlook for 2008 looks worse than it did just two months ago, when fears of a U.S. recession already were leading analysts to predict a slowdown in purchases of computers, software and tech services.
A report being released Monday by Forrester Research Inc. says U.S. companies and government agencies are expected to increase their spending on information technology by just 2.8 percent thisyear. That is a substantial downward revision from the 4.6 percentgrowth that Forrester was predicting in December. Typically, the analyst firm leaves its tech-spending forecasts alone for several months, because the economic trends that support such predictions tend not to change very quickly. However, Andrew Bartels, a Forrester vice president, said that in the past two months “there is a clearer sense that we’re in or headed toward arecession.”
Comments are closed.