The slowing U.S. economy is affecting the growth of worldwide spending on technology products and services. In the United States, growth of 11 percent in 2000 will fall to 7 percent in 2001, reports IDC, a Framingham, Mass.-based IT research firm.
Despite regional fluctuations related to economic conditions, IDC projects that global IT spending will remain healthy, growing 9 percent in 2001. "Notwithstanding warnings of an imminent slowdown in the U.S economy, the big picture of global spending on technology products and services remains healthy," says Stephen Minton, manager of IDC's Worldwide IT Markets and Strategies research. "In North America, spending on some segments of software and services appears much more stable than in hardware segments, and the fundamentals of growth in technology usage remain present. Additionally, IT spending remains strong in Western Europe, where spending on Internet-related infrastructure and front-end software applications and services continues to push technology into the heart of business strategy."
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