U.S. IT Spending To Fall 3.1% This Year, Forrester Says.

"Forrester Research says it now sees 2009 U.S. IT spending down 3.1%, rather than the 1.6% growth the firm had previously projected. Forrester notes that 'the U.S. recession keeps getting worse than we and many economists had expected.'

Forrester notes that in February 2008, it had been forecasting 10% growth in IT spending this year. Oops."