Gartner Lowers 2012 IT Spending Forecast To 3.7 Percent Growth

Worldwide IT spending growth is expected to grow 3.7 percent in 2012, a slowdown from the 6.9 percent growth in 2011, according to a new forecast from Gartner. The research firm lowered its 2012 forecast from its previous estimate of 4.6 percent due to global economic woes and theThailand floods which ?hit the hard disc drive industry. The good news is that global IT spending is still enormous?an estimated 3.8 trillion dollars worldwide.

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