IT analysts predict significant fallout from government shutdown

10/29/2013 | Computerworld · eWeek

U.S. tech spending will grow nearly two percentage points slower than expected this year thanks to partisan gridlock in Washington, according to a newly revised forecast by Forrester Research. The analysts revised down their 2013 estimates in the wake of the government shutdown and debt ceiling fight. Forrester expects federal spending on IT to grow just 3.9% this year compared with prior estimates of 5.7%, with some vendors who depend heavily on government contracts saying they expect as much as a double-digit drop in revenues for the fiscal year as a result.

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Computerworld · eWeek

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