Asia Safe From Global ICT Slowdown

Tech spending is set to slump in 2008 due to the U.S. economic downturn, but close ties to Asia may protect Australia and New Zealand

The drop in IT spending has been forecast because of a looming U.S. consumer recession, according to global investment bank Merrill Lynch. Research group IDC has predicted that global IT market growth will slide from 6.7 percent to a modest 5.5 to 6 percent in 2008--again as a result of the weak U.S. economy.

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