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IDC: Worldwide IT spending to grow 4.6% this year

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Framingham, Mass.—Worldwide IT spending will increase 4.6% this year, down from a May forecast of 4.9% growth, according to a new report from International Data Corp. The report, “State of the Market: IT Spending Review & Forecast Q2 2013,” breaks down IT spending by global regions. IDC predicts IT spending in the U.S. will increase 4.6% this year, up from a May forecast of 4.2% growth. “The big story since the last report three months ago is the change in momentum around emerging markets,” said Stephen Minton, VP-global technology and industry research at IDC, in a webcast. “The slowdown in economic growth has lasted longer than we assumed it would at the beginning of the year.” Minton pointed to the economic slowdown in China as a factor in the revised forecast. Excluding mobile spending, worldwide IT spending will be up only 1.7% this year. IDC earlier predicted 2.6% growth.
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