Vast Majority Of Tech Leaders See Economic Recovery Building in 2010

As business and political leaders continue to speculate whether the global economy has entered a sustained recovery, the DLA Piper Technology Leaders Forecast Survey reports that the vast majority of technology leaders and VC’s believe that such an economic recovery has begun and will sustain itself during 2010.

When DLA Piper last conducted its Technology Leaders Survey, in October 2008, the turbulent financial markets weighed on the minds of respondents, and two-thirds of them predicted a recession lasting until late 2009/early 2010. Today, those same leaders are optimistic about our economic future:

-- 69 percent of technology leaders project that an economic recovery is at hand and that the recovery will be sustained in 2010.

-- According to these same industry leaders, improving economic conditions will bring about a recovery in the US IPO market in 2010.

-- However, almost a quarter (22 percent) of technology leaders have concerns about a relapse that would result in a double-dip recession.

-- Furthermore, the strong majority of respondents have concerns about US competitiveness in the global tech market due to overhang issues from government debt as well as government regulation, particularly in the areas of banking and capital markets.

-- The quality and costs of US higher education also continues to be a strong area of concern among technology leaders.

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