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	December 27, 2007 US IT Market Outlook And Summary: Q4 2007 A Likely Slowdown In The US Economy Will Lower 2008 IT Market Growth Rates by Andrew Bartels with Ellen Daley, Heidi Shey	Average: 8  (1 rating)

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Executive Summary

With dark clouds hanging over the US economy and growing fears of a recession in 2008, Forrester has lowered its outlook for growth in US IT investment, purchases, and spending in 2008. We have downgraded our forecast for 2008 IT investment for 2008 from 7.8% to 4.8% because of likely cutbacks in capital purchases in this gloomy environment. Our 2008 forecast for IT spending (reflecting businesses' and government IT operational budgets) has been lowered from 6.4% to 5.2%. This forecast assumes that the US economy will experience two to three quarters of very weak growth but will avoid an actual recession in 2008 — although it won't take much to upset the apple cart.

TABLE OF CONTENTS

• Forrester Revises Its 2008 Tech Market Forecasts Downward
• Q3 2007 Data Showed Moderate Growth In US IT Investment
• A Weaker US Economy Will Drive Slower IT Investment Growth In 2008
• US IT Investment Forecast: 4.8% In 2008, After 5.3% In 2007
• US IT Spending Will Grow By 5.2% In 2008, Half A Point Less Than In 2007

RECOMMENDATIONS

• Prepare For A Tech Market Downturn, But Expect "Not Bad" To Happen

WHAT IT MEANS

• Economic Growth Continues To Be The Biggest Driver Of Tech Growth

ALTERNATIVE VIEW

• 2008 IT Spending Comes In Lower Because The Economy Goes Into Recession
• Supplemental Material
• Related Research Documents

This is an excerpt

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