Worldwide IT market will grow 5% in 2008, down from 2007 pace of 6%, according to IDC. Global IT spending is now projected to reach $1.38 trillion in 2008, up from just over $1.3 trillion in 2007. In the United States, growth is expected to weaken to 4% in 2008, compared with 6% in 2007. A 5% decline is expected for the US PC market in 2008, following 2007 growth of 2%.