The business climate that has been putting a clamp on corporate spending continues to improve according to all the surveys I've seen, and the vast majority of CIOs and IT vendors I've spoken with express a similarly optimistic view of 2004.
The movement to offshore outsourcing has been far more subdued here than in the U.S., where the trend has grown quickly, and opposing it has become a politically popular stance.
It's been more than three years since the technology stock crash and the events - economic and tragic - that combined to reduce IT investments to a trickle. Tight budgets have meant that CIOs have been forced to squeeze more from what they have, and many IT vendors have fed largely on small-upgrade scraps between rare new-project banquets.