What Would a Recession Mean for IT Spending?

“Normally IT gets walloped in a recession, with new projects put
on hold until the economy thaws. Take the 2001 recession, for
example, which saw IT budgets that had been growing 12.9% per year
shrink to a 2.8% growth. In such circumstances, enterprises have
traditionally placed existing projects on life support while
cutting off the air supply to new projects.

“But as the New York Times reports, this time around IT spending
may not get hit as hard, at least, not everyone will get equally
hard…”

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