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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Internet economy could shrink in 2009: OECD AFP - 2 hours 59 minutes ago PARIS (AFP) - - The Internet economy could shrink in 2009 because of the worldwide downturn, the OECD warned Monday in a report that forecast contraction of the semiconductor industry and cutbacks by corporate customers. The Paris-based Organisation for Economic Co-operation and Development said that "with the outlook for the global economy worsening and business and consumer confidence plummeting, growth will remain flat or decline in 2009." The report also forecast growth of four percent in the IT industry this year and said some sectors such as software, outsourcing, Internet sales and infrastructure investments would "weather the storm better than others." The report said the semiconductor industry -- seen as a leading indicator for the information technology sector -- would fall nearly six percent in 2009 after weak growth of 2.2 percent in 2008. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines Internet economy could shrink in 2009: OECDAFP - 2 hours 59 minutes ago International web services improve after cable cutAFP - Sunday, December 21 Google increases search share in November: comScoreAFP - Saturday, December 20 Obama campaign survey gets half million repliesAFP - Saturday, December 20 Related Articles: Technology Internet economy could shrink in 2009: OECDAFP - 2 hours 59 minutes ago German chip-maker secures 325 million euro rescue loanAFP - Monday, December 22 International web services improve after cable cutAFP - Sunday, December 21 Google increases search share in November: comScoreAFP - Saturday, December 20 Obama campaign survey gets half million repliesAFP - Saturday, December 20 Enlarge Photo An Egyptian tries to access a website at a Cairo cybercafe in January 2008. The Internet economy could shrink in 2009 because of the worldwide downturn, the OECD has warned in a report that forecast contraction of the semiconductor industry and cutbacks by corporate customers. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed OECD forecast deepens gloom as world stocks slip Let poor eat caviar: Milan authorities New Year's hangover? Take two eels and call me in the morning Quake zone hero pig named China's animal of the year Actress Jennifer Aniston appears naked in GQ magazine View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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