Sign In

Communications of the ACM

ACM News

Tech Recession 'Is Unofficially Over'

Chinese investor

An investor in China looks at the situation of the market index in front of computer. The tech economy will rebound in 2010, according to Forrester.

Credit: The Christian Science Monitor

After an extended slump, technology spending will rev back to life in 2010, according to analyst firm Forrester. "The technology downturn of 2008 and 2009 is unofficially over," says Andrew Bartels, Forrester analyst and vice president, in a research brief. "All the pieces are in place for a 2010 tech-spending rebound. In the U.S., the tech recovery will be much stronger than the overall economic recovery."

Forrester's global report found an 8.2 percent drop in U.S. tech spending in 2009, but predicted the market would grow 6.6 percent this year. Europe will likely deliver the biggest spike when measured in U.S. dollars; however, America will pack a heavy punch when measured in local currencies around the world.

From The Christian Science Monitor
View Full Article


No entries found