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Gartner lowers global IT spending estimates for 2013, Economic Times reports

The research firm Gartner today lowered its projections for global IT spending for 2013 to $ 3.7T due to fluctuation in U.S. dollar exchange rates, reports the Economic Times. Last quarter, Gartner projected a growth rate of 4.1% in overall IT spending in 2013 from $ 3.6T in 2012.