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The Bank of Portugal predicted a 1.3 percent contraction of the country's economy this year because of recent cuts, having previously forecast zero growth.
Some districts are responding, Mr. Cull said, by building budgets that forecast zero money from the state as a worst-case scenario, just to be safe.
Fitch Ratings early this month forecast zero growth in Poland, downbeat news since many economists believe the country might yet eke out a positive number by year's end.
Fitch Ratings early this month forecast zero growth in Poland, which was downbeat news since many economists said they believed the country might yet eke out a positive number by year's end.
But as long as the region cannot grow — and the European Commission has just forecast zero growth this year for the European Union as a whole and shrinkage for several countries, including Italy and Spain — there is a risk of sliding back into crisis.
Japan again faces chronic deflation, and the Bank of Japan forecast zero change in the CPI (excluding food but not energy) for the fiscal year ending March 2010.
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Almanacs forecast twelve months' worth of weather.
Then there is the wind (forecast: seven miles per hour).
Jordan, now the majority owner of the Charlotte Bobcats, forecast six to match his total.
The company has cut its earnings forecast three times in six months.
The Fed is now releasing its economic forecast four times a year, rather than twice, and the new forecast looks ahead three years instead of two.
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