IT recession is over, says US study

In its latest framing of the IT spending picture, a report called the Outlook for IT Spending and Staffing in 2010, Computer Economics extrapolates from a survey of 139 companies located in the United States and Canada to project IT spending for North America at large.
Based on the survey responses and some spreadsheet work, the market researcher says that IT spending was, on average, flat in North America in 2009 and that IT managers are expecting to boost their budgets by 2 per cent next year.
That is not as good as the growth the IT sector in North America saw after pulling out of the last IT recession, which hit in 2001 in the wake of the dot-com, Y2K, and ERP bubbles. IT spending was in negative territory in 2002 and 2003 and pulled itself back to flatline in 2004. According to Computer Economics, IT spending in North America rose by 2.5 per cent in 2005, continued to grow by 4.1 per cent in 2006, and 5 per cent in 2007.

http://www.theregister.co.uk/2009/12/21/computer_economics_2010_forecast/