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Macroeconomic concerns have led to several global and U.S. GDP revisions in the first half of 2022. Still, we expect global IT spending to grow at least 3% in 2022. This betters our global GDP forecast and represents increasing demand for cloud services, steady software spending and adoption of new technologies to more than offset the weak consumer-related IT expenditures.
Analytical Leader I, Credit Analysis
Market Outreach Relationship Manager, Corporates
S&P Global Ratings
Senior Director, Corporate Ratings