February 4, 2011 – In what must be interpreted as indication the recession is waning, a new report from Boston-based Celent predicts a 3.7 percent increase in global technology spending in 2011.

The report, “IT Spending in Financial Services: A Global Perspective,” analyzes IT spending trends across different industry verticals (banking, insurance, and securities and investments) and various regions (North America, Europe, the Asia-Pacific region, Latin America and Africa).

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