OECD Digital Economy Papers
The OECD Directorate for Science, Technology and Innovation (STI) undertakes a wide range of activities to better understand how information and communication technologies (ICTs) contribute to sustainable economic growth and social well-being. The OECD Digital Economy Papers series covers a broad range of ICT-related issues and makes selected studies available to a wider readership. They include policy reports, which are officially declassified by an OECD Committee, and occasional working papers, which are meant to share early knowledge.
- ISSN: 20716826 (online)
- https://doi.org/10.1787/20716826
The Impact of the Crisis on ICTs and their Role in the Recovery
The ICT industry had a tough start to 2009, with almost all first quarter indicators declining, often
very sharply. There are signs of recovery, with the rate of decline bottoming out and turning up in the most
recent cyclical data (May/June 2009), with positive month-on-month growth for most countries, and
inventories running down sharply. Performance in the first quarter of 2009 tested 2001-2002 declines in
most ICT sectors, but relative year-on-year declines were not a great deal worse than in 2001-2002 and
some sectors have performed better than in the earlier period. The ICT industry is also performing
considerably better in this crisis than industries such as automobiles...
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