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Goldman Sachs (a little more) bullish on IT
Jake Widman
Wednesday, 23 September 2009 05:51
Its note to clients raised that forecast to 4% growth, based on improving indicators in gross domestic products and corporate profits.
It also painted a relatively rosy picture for online advertising, which it expects to grow 15% in 2010.
That rate reflects an anticipated 10% growth in the U.S. but a 20% growth elsewhere. Factors in the growth include a general increase in ad spending plus the continued shift of that spending to the Internet.
The bank did not raise its forecasts for 2009, however, which were for an 8% drop in IT spending and a 4% drop in online advertising.
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