Global adspend is on course to reach $421bn (£255bn) during 2009 according to the latest figures from PricewaterhouseCoopers (PwC), writes eMarketer. This represents a 12.1% fall on 2008 when global adspend totalled $479bn (£291bn), according to the firm. PwC expects all advertising sectors to suffer during the year other than video game advertising. However, the firm does predict better times for digital marketing in 2010: both internet advertising (including mobile) and video game advertising are forecast to see five-year compound annual growth of 7.7% and 13.8% respectively. Globally, PwC forecasts that total media spend will rise by 2012.
eMarketer: http://www.emarketer.com, 22/07/2009
Advertising spend: Worldwide
Worldwide advertising spending will reach $421 billion in 2009, June 2009
Advertising spend: North America
Ad spend in North America will decrease by 1.6% from 2009-13, June 2009