This time last year there was a little more confidence about growth in the economy following the carnage left by the credit crunch. But hope has quickly changed into despair and the Euro crisis could push parts of the world back into recession.
Even the Chinese economy is growing at a much slower rate as European customers of its manufactured products tighten the belt.
So it is now time for your predictions.
Do you think there will be an increase as businesses outsource to cut costs?
Could more innovative outsourcing plans be put on hold until the economic outlook becomes clearer?
Will 2012 be the year that cloud computing finds its place in the outsourcing sector?
Please send me your predictions by leaving a comment.