Forecast Report

Forrester Revises Its Tech Market Forecast Downward In Light Of COVID-19

March 16th, 2020

Summary

Behind this downward revision in our tech market outlook is a sharp deterioration in the economic outlook, due to the WHO declaring COVID-19 to be a pandemic and President Trump calling it a national emergency. In the best case, we are now looking at the US and global tech market growth slowing to around 2% in 2020. There is also a 50% probability that US and global tech markets will decline by 2% or more in 2020 if a full-fledged recession hits.

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