Worldwide IT spending is on pace to total $3.15tr this year, a 6% decline from 2008 spending of $3.4tr, according to a study by Gartner. The continued economic crisis combined with the effect of exchange rate movements has resulted in Gartner lowering its 2009 forecast from its Q1 projection. In March of this year, Gartner had forecast 2009 IT spending to decline 3.8%.