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They now predict that its economy will shrink by 12.3% this year, compared with a 4.7% forecast decline in January.
The Scottish government has gained £820m in extra capital funding after Philip Hammond's boost to infrastructure investment, partially offsetting a forecast decline in the overall economy.
And there are plenty of challenges for him to ponder, including a late start in booming China.In his new role, Mr Fields will be addressing issues such as Ford's recent decline in quality ratings, as well as a forecast decline in 2014 profits.
In technology, shares of National Semiconductor fell in the pre-market session after the company widened its forecast decline in third-quarter sales.
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The agency forecast declines in Iran's ability to produce oil for years to come if Western sanctions were not lifted.
CBA has forecast declines in earnings and profit for NNC until 2015/16, at which point it expects a stabilisation and subsequent growth.
He said: "The pressure is rising on China to devalue, which would support China's equity [markets]." Prices of most commodities have tumbled on world markets over the past six months as traders forecast declining sales in China.
The WPP Group has also forecast a decline in 2002.
Cereal prices rose 1 percent, and the food agency forecast a decline in global cereal production this year.
Colgate, based in New York, also forecast a decline in North American sales in the fourth quarter.
Some union and business representatives forecast a decline in strikes because of the national mood.
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CEO of Professional Science Editing for Scientists @ prosciediting.com