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If InformationWeek is right, desktop PC manufacturers are in for a bleak 2009. InfoWeek reports that global PC sales will most likely fall by 12% this year. If that happens, it will easily surpass the record 3.2% drop registered in the year 2001.

Citing the market research firm, Gartner, the report says that the combined effects of the current economic slowdown, as well as changing consumer behavior, have influenced the bleak outlook. With more and more people out of jobs, and money being tight, desktop PC owners are trying to save money by holding on to their current machines. Businesses are also seen to follow the same pattern as individual PC owners.

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It is generally accepted that the subprime mortgage crisis involving real estate properties was the first domino that fell. This caused the entire United States economy to fall into what is now widely perceived as a recession. The problems in that area spread like wildfire as it started to affect banks and other financial institutions. As soon as it did, banks reacted by placing more stringent policies that made loan refinancing even more difficult for the average consumer. Soon, the subprime lenders were facing foreclosure, while those who used to be eligible for a home loan found it difficult to obtain one. The whole real estate mortgage system was out of whack.

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