Microsoft CEO Steve Ballmer said yesterday corporate spending on information technology will not recover to levels seen in recent years before the global economic slowdown.
“The economy went through a set of changes on a global basis over the course of the last year which are, I think is fair to say, once in a lifetime,” Ballmer told a meeting of South Korean executives in Seoul.
Spending on information technology, which accounted for about half of capital expenditures in developed countries before the crisis, was unlikely to rebound fully because capital was more scarce these days, he said.
“While we will see growth, we will not see recovery,” Ballmer said.
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