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…