No green shoots, but fields of promise

摘要

First, the bad news. There are no green shoots of recovery in the IT market and profession. The latest quarterly survey of appointments, data and trends, published in this week's issue, reveals that IT is facing continuing decline, with salaries falling. The permanent market is now at its lowest level since 2004, while the contract market is down to its 2003 level. However, there are some trends that promise a brighter future. One is that investment in innovation is surprisingly robust. Another is that, in a new twist on the globalisation narrative, Indian suppliers are heading west in search of new recruits.