After a horrible 2001 downturn for Tech companies, what is 2009 bringing for them ?

As Economist says :

“This time things are not yet that bad—and are unlikely to become so. In spite of the string of bad news, some forecasters still expect global IT spending to grow this year, at least when you allow for currency fluctuations. According to Forrester Research, a market-research firm, technology purchases will decline by 3% in 2009 when counted in dollars (see chart). But the dollar’s relative strength weighs heavily on the results of American firms by devaluing their foreign revenues. When measured in a basket of local currencies, weighted for each region’s share of the global IT market, Andrew Bartels of Forrester expects an increase of 3%.

There are many reasons why spending is more robust than during the last downturn. For a start, the IT market has become more global. Between 2003 and 2008, developed countries’ share of IT spending fell from 85% to 76%, according to the OECD’s recently published Information Technology Outlook. Demand from China and India is expected to continue to grow despite the gloomy economic outlook.”

But for sure everything will depend on the nastiness of the Global recession that we are entering…

Felicidades ESPAÑA !!! Tras unos días de duda, finalmente se confirma el SUSPENSO en toda regla de la Economía Española y sus dirigentes.

S&P ha bajado el rating del Reino de España de AAA a AA+.  Creemos que nuestros Dirigentes lo habrán entendido y sabrán reaccionar o vamos a seguir  deslizándonos hacia el marasmo de la posible Depresión en nuestro País.?

Despite recent signs that the German economy  is not faring as well as hoped, we remain confident that its relatively sound structural position will ensure that it is one of the first economies to emerge from recession. By contrast, the Southern European economies and Ireland are beset with much greater difficulties. The Irish and Spanish economies are already facing the fall-out from a major house price correction. Greece, Portugal and Spain all have current account deficits of around 10% of GDP and may need a sustained period of below trend growth and a large improvement in their competitiveness to reduce their reliance on foreign funds. On the face of it, then, these economies face an altogether longer and more painful adjustment.  

I want to share with you a few graphics to try to understand what is happening with the Economy in Spain because I think that the the reality has not been told :

“The latest news from Spain shows that the housing market downturn is gaining momentum as the 

economy enters recession. Further sharp falls over the coming quarters are inevitable and we 

expect house prices to fall by at least one third from peak to trough. ” ( Capital Economics ).

Besides that info, SP is saying that Spanish DEBT can be downgraded from AAA to AA.

Why nobody is telling us the truth about Spanish Economy ???

Apreciados lectores, este es un post de agradecimiento a la persona que ha hecho posible mi aterrizaje en la blogosphera. Gracias a su sabiduría y tesón, por fin se inicia este proyecto. Ha sido un proceso largo pero finalmente, aquí estamos.

Espero que la información que compartamos nos ayude a crear y vivir en  un mundo mejor.

Muchas gracias Charly. Sin ti no habría sido posible.

Miguel