Online ads defy slowing global economy

http://www.hollywoodreporter.com/hr/content_display/news/e3i25cba8ba761bcf122eefb7e4118c520b

Defying a slowing global economy, the online advertising market is expected to grow by 23% this year to $43.3 billion, according to the Berlin-based European Information Technology Observatory.

Despite the damage inflicted by the financial crisis, turnover with advertisement banners, sponsored links and other online advertising format will grow 13% to $18.6 billion in the U.S., still by far the largest market in the world.