Analyst firm Forrester have reported that the economic downturn and the uncertainty surrounding the Euro will likely see IT growth halt in Europe this year.

IT spending will revolve around the fate of the Euro, seeing no increase in growth for spending if Europe avoids a downfall triggered by the collapse of the Euro, to a rapid reduction in spend should the Euro collapse.

Forrester analyst Andrew Bartels commented: “The most likely result is either near-zero growth or economic recession in 2012, depending on the country."