Spending worldwide on information technology is flat for 2016, totaling $3.41 trillion, according to Gartner, Inc. This is actually up from last quarter’s forecast, which pegged the worldwide market at 0.5 percent negative growth.

“2016 marked the start of an amazing dichotomy,” noted John-David Lovelock, who said “the current Gartner Worldwide IT Spending Forecast assumes that the U.K. would not exit the European Union. With the U.K.’s exit, there will likely be an erosion in business confidence and price increases which will impact U.K., Western Europe and worldwide IT spending.”

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