IT spending outlook gets four times worse as dollar soars

The weakness of global currencies against the dollar has seen the worldwide IT spending outlook for the year become four times as bleak in the last two months alone. That is the finding of the latest Gartner forecast, which projects that the total amount spent worldwide on IT in 2015 will shrink 5.5 per cent in dollar terms to $3.5tn (€3.13tn). This is despite a constant currency increase of 2.5 per cent. As recently as April the market watcher was predicting that the market would contr...