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Labor's environment spokesman, Mark Butler, said the modelling referred to by Hunt was "ridiculously outdated and fails to take into consideration the huge fall in the cost of renewable energy or the decline in electricity demand due to the fall in manufacturing".
Colombia said it expected a huge fall in farm output.
He adds: "I am not expecting a huge fall in numbers".
Murphy said the figures also highlighted the huge fall in the number of teenage pregnancies.
It is hard to be sure, since the huge fall in worldwide mortality since 1950 makes comparisons hard.
A study by the Recruitment and Employment Confederation showed a huge fall in the availability of temporary and contract staff in recent weeks, especially drivers.
Similar(39)
As a result, despite huge falls in the labour supply, real wages could not dramatically increase.
The price cuts are minuscule compared to the huge falls in wholesale gas and electricity prices.
Even without the huge falls in asset prices, reckons David Hunt, a consultant at McKinsey, the fundamental economics of the asset-management business have deteriorated.
Yet that is not the impression stockmarkets gave this week, when huge falls in Hong Kong led to big drops in London and other European markets, leading to a collapse in New York, which was in turn transmitted back around the world.
Yet despite huge falls in what were, until March, many of the hottest stocks, there have been no mass redemptions nor outright dumping of portfolios, both of which occurred when the last sustained bull market ended in the early 1970s.
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