Gartner raises global tech market growth forecast

Reuters News
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Posted: Jul 09, 2012 3:05 AM
Gartner raises global tech market growth forecast

HELSINKI (Reuters) - The global outlook for technology spending growth has stabilized, research firm Gartner said on Monday, raising slightly its growth outlook for 2012.

"While the challenges facing global economic growth persist — the eurozone crisis, weaker U.S. recovery, a slowdown in China — the outlook has at least stabilized," Richard Gordon, research vice president at Gartner, said in a statement.

Gartner now expects global IT spending to rise 3.0 percent this year, instead of a previously forecast 2.5 percent gain, but in constant U.S. dollar terms the forecast stood unchanged at 5.2 percent.

(Reporting by Tarmo Virki; Editing by David Holmes)

(This story corrects the day mentioned in the first paragraph to Monday from Thursday)