Tech executives expect growth to begin slowing in 2012

Growth in the technology sector will begin slowing in 2012, according to industry executives who answered an annual survey. Though the sector is expected to continue expanding, 42% of executives said they expected only moderate growth of 1% to 6% in 2012, while in 2011 that figure was just 14%. At the same time, only 15% of those surveyed said they expect growth higher than 7% this year, quite a bit less than the 36% who answered the same in 2011. The annual Technology Industry Business Outlook survey was conducted by the KPMG consulting firm during April. It involved 122 mostly senior executives, most of whom work at companies with annual revenues exceeding $1 billion.