UK lagging behind US in speed of tech recovery


UK lagging behind US in speed of tech recovery

Simon Quicke

The UK and the rest of Europe are going to lag behind the rate of recovery in the IT market set to be enjoyed by the US and Asia Pacific regions.

Although there seems to be little doubt that the global economy is picking up there continues to be disagreement over the speed with which different parts of the world will bounce back.

According to the latest outlook in IT spending from Forrester the view is that the UK and EU will be held back because of a strong Euro and continuing concerns over national debt levels.

Leading the way is the US economy which is set for 8% growth in 2010 with the analyst house tipping PCs, peripherals and storage as areas that will be strong performers.

The author of the report Andrew Bartels, vice president and principal analyst at Forrester, revealed in his blog the reasons why the UK would not be matching the US growth rates.

"The stronger Euro and European country debt concerns will keep Western and Central Europe expanding at the slowest rate among the regions," he wrote.

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