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Technology News South Africa

Tech spending dip forecast for '09

Technology companies face a bumpy ride in 2009.

Global business and government spending on computer, software and communications products and consulting services is expected to decline 3% this year, Forrester Research said in a report due out Tuesday.

This would mark the first decline since 2002, when information-technology spending dropped 6% after falling the same amount in 2001.

However, this downturn isn't expected to last as long. Forrester projects tech spending to recover next year, rising as much as 9% in 2010.

Read the full article here.

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