World spend ‘will fall’_2
17 August 2012
Global IT spend will fall over the next five years despite its continued growth in Europe this year, according to a survey by investment bank Merrill Lynch.
European IT budgets will rise on average by 13 per cent this year after a rise of 14 per cent in 2000. But Merrill Lynch global technology strategist Steve Milunovich believes an estimated 5 per cent increase in US IT growth - down from 12 per cent last year - is a precursor to a global slowdown.
“But for Internet technologies, which show few signs of slowing,...