Economic forecast news stories

Gartner has projected a total Australian IT spend of AU$117.2 billion in 2022 in its latest forecast, increasing by 13.1% from 2021.

According to a new IDC spending guide, U.S. spending on artificial intelligence solutions will double by 2025.

Forrester expects vaccination rates, and the reopening of economies will produce more sustained tech market growth, on par with or higher than before COVID-19.

The New Zealand Government is investing in the development of a new forecasting tool that makes full use of innovative climate modelling to help farmers and growers prepare for dry conditions.

The Asia Pacific region could benefit from a significant US$160 billion future economic boost if businesses increase investment in, and take greater advantage of, cloud-based technologies.

For those still grappling with getting their budgeting, planning, and forecasting processes operating efficiently and effectively, ten key trends need to be considered, writes Board International country manager for A/NZ Nic Dennis.

While the COVID-19-induced recession initially derailed the nation’s economic recovery, New Zealand has managed to rebound sharply from its biggest economic slump.

23 of the top 25 tech companies have reported a major quarter-on-quarter decline in market capitalisation for Q1 2020, according to new research.

The solution helps to move organisations away from ‘Excel Hell’ related to budgeting, forecasting, and planning.

The survey, which quizzed 145 CFOs and other senior finance leaders last week, also revealed that 28% of respondents believe the impact on their organization’s revenue could be higher than 30%.

Accurately paying people for the hours they work is only part of the issue. You also need to be able to plan for the future.

Depending on how the economic factors around COVID-19 play out, a pessimistic scenario would see spending growth nowhere near the 4.3% expected.

IDC has lowered its forecast for total cloud infrastructure spending for 2019 as the market enters a slowdown period.

Digital transformation and the adoption of automation technologies will be driving investments in applications, analytics, middleware, and data management software.

Positive thinking is key because New Zealand’s economic growth is actually expected to gradually accelerate to 3.4% by the end of 2019.