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The industry-specific forecasting groups at the Denver convention included Transportation (cars, mostly), Action and Recreation (sports equipment), and Visual Communication (packaging, logos, paper products, graphics).
Many economic forecasting groups have said that the housing market will be particularly hard hit next year as the full impact from the credit crunch is felt.
Dr. Asrar said five major forecasting groups around the world, including the United States' National Oceanic and Atmospheric Administration and its National Weather Service, have arranged to get the Aqua data to see if it improves weather forecasts.
While the final touches are still being put on Capital Weather Gang's forecast set for release next week, we examined the outlooks from five separate forecasting groups, which include the National Weather Service and four companies from the private sector.
The consensus forecast of the 50 economists and economic forecasting groups surveyed this month by Blue Chip Economic Indicators calls for the American economy to grow at the sluggish rate of 1.6percentt in 1990, with a moderate pickup to 2.4percentt in 1991.
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Only one forecasting group, Arthur D. Little, the management-consulting concern, forecast a recession for 1987.
Capital Economics, a forecasting group in Toronto, previously said prices would drop about 5percentthis yearar.
Howard Archer, an economic adviser to the forecasting group EY Item Club, said the OBR's new figures "may now be overcautious".
"Fortunately, this moved like a Porsche," said Michael Padua, a senior typhoon specialist at a private forecasting group, Weather Philippines.
A recent survey from Experian, a forecasting group, suggests that the link is as strong as ever.
"The economy has taken a turn for the worse, big time," said Allen Sinai, chief global economist for Decision Economics, a consulting and forecasting group.
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