Another day, another financial report predicting some manner of recovery. This time the news comes from Forrester Research in the US, with the Massachusetts-based technology and market analyst giant predicting a rebound for technology spend in the US.
The Boston Globe reports that after a horrific 2009 (when IT spend across the US went down by 9.2%) Yankie spending “is expected to rise 6.6 percent, to $568 billion”. Forrester also expects global spending on technology products and services to grow 8.1 percent in 2010, to more than $1.6 trillion.
Now these predictions are coming despite the fact that the final data for the fourth quarter of 2009 aren’t available as yet and indeed it’s not all good news for the major vendors out there as while equipment purchase may take a 9.2% bump, overall spend will be less that 2007 or 2008.
Other important figures from the report include how software spend is also expected to grow by 9.2% in 2010 (after dropping by 7.4% drop in 2009), though communications equipment spending is predicted to increase by only 2.8% in 2010 according to the bods at Forrester.
And if you like a twist in the tale, the good folk from Massachusetts also decided to research the possibility of a ‘double dip’ recession in the coming year after a short period of economic growth. There’s a 15% chance of this happening and if so declines of 3% to 4% could be expected across the Atlantic.
Just goes to show that even good news stories these days can turn into bad ones if you just choose keep on reading…