ECONOMY

Contraction foreseen in IT market

Greece’s political and economic uncertainty has had a negative impact on sales of computers and information technology equipment in the country, according to a study by the IBHS research company, which forecasts a decline for the 2015-16 period.

The survey has found that after the period of 2013-14, when the market enjoyed a rebound, a two-year spell of decline will follow as the market will drop to 559 million euros by 2016 from 615 million euros at end-2014. This will signify a 9.1 percent decline for the two years.

The growth of the IT market in 2013 amounted to 3.2 percent while last year it reached 10.9 percent year-on-year. IBHS said that “the gradual improvement in the macroeconomic conditions of the country and the growth of the economy by 0.8 percent have led to an increase in expenditure on equipment both by enterprises and consumers.”

The increase in sales was fed by competitive prices in the sector, particularly in the category of laptop computers with the Windows 8.1 system. Growth was even posted in sales of desktops, which in previous years had registered losses.