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The Economic Cycle Research Institute, an independent forecasting organization with an excellent record, says it believes that the United States is already in recession, and that action by the Fed won't change that.
To find out more, VICE reached out to Omar Lamrani, a Middle-East analyst for the Texas-based conflict forecasting organization Stratfor, and asked how this is all going to shake out.
To put that number in perspective, consider two things: in the year 2000 the global total was one gigawatt; and the International Energy Agency, considered the world's foremost energy forecasting organization, estimated that with effective policies and bullish investment the world could reach seven gigawatts by 2020.
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He landed Shaquille O'Neal and Antawn Jamison this season, but the splashy names failed to translate into a championship, instead washing away regular-season success and forecasting the organization's uncertainty.
The organization forecast U.S. growth of 2.6 percent this year and 3.1 percent in 2012.
Reflecting this, the organization forecast that the euro-area economy would shrink 0.6 percent this year before expanding 1.1 percent in 2014.
World trade, which contracted sharply last year, will resume growing this year, though only at a 1percentt pace, the World Trade Organization forecast in its annual report.
For the United States, the organization forecast growth of 3.5percentt in 2001 and 3.3percentt for 2002, down from the 5.25percentt growth projected for 2000.
The Regional Planning Partnership, a nonprofit land-use planning organization, forecasts a 40percentt population increase by 2020 in its region, Mercer County and the southern portions of Middlesex and Somerset counties.
Growth for all of 2001 will be limited to 1percentt -- compared with the 2percentt growth forecast in the organization's report in May -- and remain "very weak" in the first half of next year.
In its report, the organization forecast 16 named storms, nine hurricanes, and five major hurricanes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com