Business Tech news: IT spending to drop 6 percent in ’09, Gartner says


Hit by the economic downturn and fluctuating exchange rates, worldwide IT spending is expected to drop 6 percent this year, according to a new Gartner report.

Spending will likely settle in at $3.2 trillion for 2009, compared with $3.4 trillion in 2008. Last year, IT spending had actually surged by 6.2 percent over 2007.

Due to the ongoing recession, the projected 6 percent spending decline is greater than Gartner’s original forecast of a 3.8 percent drop, which the firm made in March.

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