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Market research firm Gartner went and gave its first "Chief Forecaster," Richard Gordon, a bit of blog space and the first thing he sounded off about was the effect of the European sovereign debt crisis on IT spending.
"Our assessment is that, in addition to the short-term currency effect on our forecast, it is likely that IT spending in Western Europe will be adversely impacted in the medium-term to long-term because government action to reduce budget deficits and debt will mean public sector spending cuts and tax rises and a period of sluggish economic growth," Gordon wrote.
Gordon was quick to put all this into perspective, pointing out that Western Europe accounts for less than a quarter of all IT spending on the planet, and less than 20 percent in the public sector.
Read all of what he had to say -- and there's quite a bit -- right here.
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[1] http://www.maximumpc.com/user/paul_lilly
[2] http://blogs.gartner.com/richard-gordon/2010/06/30/how-will-the- european-sovereign-debt-crisis-impact-it-spending
[3] http://www.maximumpc.com/article/maximum_it/gartner_it_spending_grow_over_5_percent_2010
[4] http://www.maximumpc.com/article/maximum_it/research_firm_predicts_it_spending_will_rise_3_percent_2010
[5] http://www.maximumpc.com/article/maximum_it/analysts_predict_windows_7_will_boost_it_spending_2010
[6] http://www.maximumpc.com/tags/debt
[7] http://www.maximumpc.com/tags/europe
[8] http://www.maximumpc.com/tags/gartner
[9] http://www.maximumpc.com/tags/it
[10] http://www.maximumpc.com/articles/maximum_it/it_news
[11] http://www.maximumpc.com/tags/spending
[12] http://www.maximumpc.com/articles/maximum_it