It is difficult for anyone to predict what is going to happen in this economy. Even the experts are changing their minds. As reported by Chris Maxcer in System iNEWS’ Industry Bits blog, both Forrester and Gartner have both made adjustments to their IT spending predictions – and not for the good. In Chris’ post “Big Analysts Use Erasers to Adjust IT Spend Calculations”, he reports:
“Forrester’s most recent stance is that global purchases of IT goods and services by businesses and governments in 2009 are projected to decline by 10.6 percent, compared with the 3 percent decrease previously projected at the beginning of the year.”
“Gartner says worldwide IT spending is on pace to total $3.2 trillion in 2009, a 6 percent decline from 2008 spending of $3.4 trillion.”
What are your thoughts? Do you think there is a light at the end of the tunnel or do we still have a ways to go before we see positive changes in the economy?