Worldwide IT spending fell nearly 6% last year — the largest one-year decrease research firm Gartner says it has ever seen. The global forecast for 2016 is for an improving, but relatively flat, $3.54 trillion. That would be a 0.6% increase.
Gartner blames a strong U.S. dollar for the global decline, because it effectively increased the price of exports by as much as 20%. Political and economic instability in countries such as Russia and Brazil also contributed to the spending problems. By comparison, the U.S. saw an increase in IT spending.
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