Tech Budgets 2020: A CXO’s Guide
See the outlook for business leaders in 2020 and where they are spending their tech dollars. We’ve also got valuable advice on how to best optimize your budget plans.
Since 2016, discussions and forecasts of IT budgets for enterprises and other organisations have taken place under a cloud of uncertainty. In the US, this currently revolves around trade disputes and other geopolitical tensions, while in Europe the still-unresolved Brexit saga casts a shadow over the UK’s economic prospects.
In its World Economic Situation and Prospects as of mid-2019 report, the UN’s Economic Analysis & Policy Division downgraded its global economic growth projections for 2019 to 2.7 percent, from 3.1% in 2017 and 3.0% in 2018. World gross product growth for 2020 is forecast at 2.9%:
Image: UN Economic Analysis & Policy Division