Forrester Revises US Tech Forecast Negatively for Trump Presidency

Forrester Research expects the US tech sector will grow less under President-elect Donald Trump than it would have under Democratic nominee Hillary Clinton. Forrester reworked its 2017 US tech market projections after Trump’s November victory because it anticipated a Clinton victory with more predictable policies similar to the last eight years under President Barack Obama. Forrester still expects the US tech sector to grow under Trump by 4.3 percent up to $1.49 trillion in 2017, compared to $1.44 trillion spent on goods, services and staff in 2016. Forrester’s pre-election forecast anticipated a 5.1 percent jump under an incoming Clinton administration, up to $1.51 trillion.

“Our pre-election forecast for the US tech market assumed the election of Hillary Clinton as president and the continuation of the Obama administration's policies,” said Forrester Vice President and Principal Analyst Andrew Bartels, the author of the report. “The election of Donald Trump as president introduces significant but still undefined shifts in the US economy's direction.”