Taking Temperatures: IT Markets Are Warmer Than You Think in EU CEE

Prague, January 16, 2015 –­ At first glance, the IT markets of EU member states in Central and Eastern Europe appear to be as cool as the rest of the European Economy. The rule of thumb that IT markets typically exhibit twice the growth rate of GDP has fallen by the wayside, at least for 2015. Depending on the source, GDP growth forecasts for most CEE EU member states run from around 2% to 3.5% (with Croatia a notable exception, where growth is expected to be flat). Regionally, IT spending is expected to rise by a tepid 3.0% in 2015 and to stay at that level every year through 2018. (TZ)

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