|
The
general economy may be
in a downward spiral but the
Internet economy is still going up. |
week is among several
recent reports that agree there has been no economic
slowdown on the Internet.
Frank Davies, who is
based in Mercury's Washington D.C. bureau, wrote
"Internet commerce continues
its robust growth, defying a sluggish economy
that's teetering on recession, Google's chief
economist (Hal Varian) and several analysts said
Friday (April 25) at a forum on
the state of the Internet economy at Google's new
Washington office... Ed Garrubbo, chairman
of the Electronic Retailing Association, said
online sales jumped 17% in the first quarter of
this year." "The lesson here is that the
economic slowdown is not an Internet slowdown,"
Varian said. |
|
Davies
went on to write "Robert Atkinson, president
of the Information Technology and Innovation
Foundation, a non-partisan tech think tank,
predicted continued growth for online commerce as
high-speed connections increase and "the core
technologies are becoming faster and cheaper."
"The absolute growth has been steady now for
several years. The Internet economy is almost counter-recessional,"
Atkinson said. He added that comparisons with past
slowdowns are difficult because this is the first
downturn in which online commerce has played such a big
role."
(Posted
May
5,
2008) |
