Global spending on technology products by businesses and governments will grow 5.8% in 2025, adjusted for inflation and currency movement, which is over twice the pace of GDP, according to Oxford Economics’ latest forecasts. Adding the impact of prices and currencies, global enterprise tech spend will increase 7.6%, exceeding $6.5.
Ryan Hadden
The UK grew at an above-trend pace in H1 2024, but we don’t expect this to be sustained over the next couple of years. However, we are more optimistic than the consensus. Our forecast that GDP will grow by 1.7% next year is based on the notion that consumers will finally shed their caution and make a stronger contribution to growth.
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