Forrester Says Tech Downturn Is "Unofficially Over"

Posted by kdawson on Tuesday January 12, 2010 @03:51PM from the unofficial-whoopee dept.

alphadogg writes "The US IT market will grow by 6.6% as high-tech spending rebounds in 2010, according to Forrester Research's latest estimates. The research firm based its projections on data reported for 2009, though its fourth quarter numbers are incomplete. Forrester says hints of a recovery surfaced in the third quarter, and now the company expects the global IT market to grow by 8.1% in 2010. Forrester's US and Global IT Market Outlook: Q4 2009 reads: 'The tech downturn of 2008 and 2009 is unofficially over, while the Q3 2009 data for the US and the global market showed continued declines in tech purchases (as we expected). We predict that the Q4 2009 data will show a small increase in buying activity, or at worst, just a small decline.'"

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The beat goes on... by Niubi · 2010-01-12 19:04 · Score: -1, Redundant

Given that economies have cycles, this is hardly groundbreaking, earth shattering news. Especially when you have companies like http://www.dubli.com/ who have found a business model to sell tech products at superlow price - obviously leading to increased consumerism, and a happier economy. Why more people haven't noticed this site, I don't know. Even so, outside of that, it's good to hear that things are looking up again - I miss the boom days...