Gartner slices global IT spending forecast in two as inflation 'throttles' budgets

Gartner has halved its predictions for 2023 global IT spending as inflation tightens its grip on consumer purchasing power and shrink device budgets. The analyst house now expects $4.5trn to be spent this year, an increase of 2.4 per cent from 2022, but a dip from the previous quarter's forecast of 5.1 per cent growth. Some vendor and partner leaders are expecting tech spending to continue outgrowing the global economy this year, with TD Synnex CEO Rich Hume telling CRN US last month th...