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GDP could fall by 10% this year.
Tropical yields, by contrast, could fall by 40-60%.
Global trade volumes could fall by more than 7 percent.
Other traders predicted shares could fall by up to 20%.
By this measure, the market could fall by half and still look expensive.
Wall Street's gloomiest seers think average house prices could fall by 10% this year.
The central bank reckons that GDP could fall by 5% in 2015.
But suppose trading revenue at Morgan Stanley could fall by 30 percent from existing levels.
Reuters quotes official estimates that output could fall by 7m tonnes in September.
"Being in a ballet company, you feel you could fall by the wayside.
Analysts suggested its full-year dividend could fall by as much as a quarter.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com