From Our Desk
Welcome 2009!
Information technology (IT) is major drivers of research, innovation, economic growth and social change. But according to the latest research the economic downturn will hit the Information technology economy hard in 2009. We are quoting OECD summary below:
The IT Outlook 2008 says that the IT industry is likely to have grown by 4% at most in 2008 compared to the previous year. But with the outlook for the global economy worsening and business and consumer confidence plumetting, growth will remain flat or decline in 2009.
Some sectors are expected to weather the storm better than others. Spending on software and IT services, including outsourcing, by governments and business is likely to continue. Internet-related sales and investments in infrastructure, driven by demand for high-speed Internet from consumers and business, will remain solid although some infrastructure investments may be held over due to the credit crisis.
So, how do we respond?
Tags: insight Categories
Comments are closed.