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Report: Economy in turmoil, IT budgets and new projects fading

from SearchCIO

With the recession officially over in 2010, this was supposed to be the year when IT budgets bounced back. Long-deferred equipment refreshes were back on the table. CIOs were advised to ready their organizations for business expansion. There was talk of a hiring crisis. But that was before the European debt mess and the threat of double-dip recession rattled markets anew. An IT budget benchmark report from Forrester Research shows that projected growth failed to materialize. more


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