JPMorgan Slashes 2013 Forecast For IT Spending

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Mani
Published on
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IT spending is likely to see lower growth this year before seeing revival in 2014, according to a report released by JPMorgan Chase & Co. (NYSE:JPM).

JPMorgan Slashes 2013 Forecast For IT Spending

JPMorgan's Analyst Cuts IT Spending To 0.6%

JPMorgan Chase & Co. (NYSE:JPM)’s analyst Mark Moskowitz has lowered the IT spending estimates to 0.6 percent from the previous forecast of 1.2 percent.

The recent report from JPMorgan clearly signifies that global IT spending has apparently not bottomed out, trailing global GDP in...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports