Global tech spending sputters amid economic woes

A sign for the 2015 Consumer Electronics Show is seen January 4, 2015 outside the Las Vegas Convention CenterThe outlook for global technology spending is uncertain after nearly flat growth in the past year, with turbulent economic conditions making a forecast difficult, an industry gathering was told Sunday. At the media preview for the massive International Consumer Electronics Show in Las Vegas, data presented showed just one percent growth in 2014 to bring spending on technology to $1.024 trillion. The market is being driven by strong demand for new products like tablets and smartphones in emerging economies in Asia, and by modest economic growth in North America. The picture is clouded by economic stagnation in the eurozone and Japan and “weak expectations” in big emerging economies such as Brazil, Koenig explained.

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