{"id":7105,"date":"2009-02-26T15:29:00","date_gmt":"2009-02-26T13:29:00","guid":{"rendered":""},"modified":"2009-02-26T15:29:00","modified_gmt":"2009-02-26T13:29:00","slug":"economic-woes-eroding-it-spending","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/7105-economic-woes-eroding-it-spending.html","title":{"rendered":"Economic woes eroding IT spending"},"content":{"rendered":"<p>Industry tracker IDC on Wednesday slashed its projection of global spending on information technology, saying it expects the figure to rise a meager half percent in 2009 because of economic turmoil.<\/p>\n<p>IDC backed off a November prediction that IT spending worldwide would grow 2.6% in 2009 and said that if exchange rate trends continue US technology exporters will take financial beatings.<\/p>\n<p>&quot;The sharp economic downturn which began in 2007 is now affecting consumer and IT spending in a significant way,&quot; IDC said in a release.<\/p>\n<p>&quot;The semiconductor market, which was one of the first industries to be affected, remains in a state of turbulence.&quot;<\/p>\n<p>Broad declines in shipments of semiconductors that are integral parts of nearly all electronic devices signal that manufacturers will be pumping out fewer gadgets for the market, according to IDC.<\/p>\n<p>IDC expects the semiconductor market to plunge 22% this year after sliding two percent in 2008. The &quot;abrupt slowdown&quot; in chip shipments is likely to affect Asia, Europe and the United States, according to IDC.<\/p>\n<p>The worldwide semiconductor market will not recover until 2010, IDC predicts.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industry tracker IDC slashed its projection of global spending on information technology, saying it expects the figure to rise a meager half percent in 2009 because of economic turmoil.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-7105","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/7105"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=7105"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/7105\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=7105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=7105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=7105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}