May 24, 2013 at 8:30 AM
It’s no longer big news to note that Brazil is slowing down, its once dynamic economy is no longer climbing aggressively to the sky. This slowdown is having a clear impact on the local IT industry. After quite impressive Gross Domestic Production (GDP) growth in 2010, of 7.5%, the local economy expanded modestly 0.9% last year. For 2013, the International Monetary Fund (IMF) has recently lowered the prediction of growth from 3.5% to 3%, and it would not be surprising if that figure drops again – sometime soon.
IT managers don’t see terribly worried, though, and they see great potential in their industry in the upcoming years. IT has been living in a different, rarified universe the last few years, buoyed by widespread demand for both hardware and all kinds of more complex, cutting edge services.