Current Recession Offers Redemption to Tech Industry

July 29, 2009 at 2:45 am PT

Information and communications technology companies, whose bust dragged down the world economy in 2001-2002, are much less of a problem and much more of the solution in the current recession, a report by the Organization for Economic Cooperation and Development suggests.

The ICT industry — which includes anything from manufacturers (think Intel Corp.) (INTC) to software firms (Microsoft Corp.) (MSFT) to Internet companies (Google Inc.) (GOOG) — took a hit from slumping global demand, but it is showing signs of a rebound, the OECD found.

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Tagged with: digital, economy, Erica Alini, frontpage, Google, hardware, ICT industry, Intel Corp., Internet, Microsoft, OECD, Organization for Economic Cooperation and Development, Real Time Economics, software, The Wall Street Journal

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