Carat: Digital to Make Up One-Fifth of 2014 Ad Spend
Downgrades 2013 ad spending increase to 3.7% from the 5.1% it projected in August
By Tim Baysinger -- Broadcasting & Cable, 3/20/2013 6:41:52 PMreports MediaPost.
The forecast also represents a significan downgrade from Carat's previous projections about the increase in ad spending, according to the story. Carat's new projection sees the global ad economy to expand 3.7% this year, down from the 5.1% it projected last August, says the story. Carat did project that worldwide ad spending will rise 5.0% in 2014, led by double-digit increases in Latin America, Russia, and a resurgence in North America and the U.K., according to the report.
The story said that Carat estimates digital's share of global ad spending has been expanding 2% each year, and based on that rate, predicts it will account for more than 20% of all global advertising by 2014.
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