In what seems to be a never-ending theme in the news these days, global purchases of IT goods and services project to be down in 2009, but spend among insurers should remain above average. These were the findings of a study released last week by Cambridge, Mass.-based Forrester Research Inc., which says the global IT market will decline 3% from last year to $1.66 trillion, which comes on the heels of an 8% rise in 2008.
While Forrester reports in its “Global IT Outlook: 2009” that the declining U.S. dollar boosted 2008 growth rates, the now-stronger dollar will impede growth measured in dollars in 2009. However, the analyst firm predicts IT purchases will recover in 2010, growing by 9% in U.S. dollars.
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