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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | The outlook for ICT production and markets is much better than at the time of the 2008 OECD Information Technology Outlook. The macroeconomic outlook has improved since the middle of 2009, although prospects are for a slow and uneven recovery in OECD countries. Projections, both in general and for the ICT sector in particular, have been successively revised upwards. However, unemployment will remain high in 2010, putting pressure on consumer confidence and expenditures, and government budget deficits are at historically high levels. Macroeconomic forecasts combined with business and consumer sentiment suggest that ICT growth in OECD countries will be slow in 2010 at around 3-4%. It is likely to strengthen in 2011 as business investment picks up sharply, unemployment begins to decline and government and private balance sheets start to improve, but with very different performances across segments and markets. As in the last downturn, there is pressure on OECD ICT employment. ICT markets are also shifting to emerging economies which now have one-quarter of global markets, and the top 250 ICT firms include increasing numbers of non-OECD firms. The long-term global performance of the ICT sector will depend on whether businesses and consumers continue to invest in new ICT goods and services and on the extent to which emerging economies remain decoupled from OECD countries and maintain dynamic growth. |
| Page Count | 43 |
| Starting Page | 21 |
| Ending Page | 63 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2010-11-22 |
| Access Restriction | Open |
| Subject Keyword | Science and Technology |
| Content Type | Text |
| Resource Type | Chapter |
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|---|---|---|---|
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