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Worldwide IT spending is projected to total $3.5 trillion in 2017, a 1.4 per cent increase from 2016, according to Gartner.
This growth rate is down from the previous quarter's forecast of 2.7 per cent, due in part to the rising US dollar.
"The strong US dollar has cut $67 billion out of our 2017 IT spending forecast," said John-David Lovelock, research vice president at Gartner. "We expect these currency headwinds to be a drag on earnings of US-based multinational IT vendors through 2017."
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