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James Knightley, at ING, was more pessimistic, forecasting the economy would not return to positive growth until the first quarter of 2010 after a contraction of about 3.1percentt in 2009.
The International Monetary Fund is even more pessimistic - forecasting growth of 0.7% next year.
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Under more pessimistic forecasts, the decline could last for years.
Mr. Leahy of Airbus scoffed at Boeing's pessimistic forecasts.
Pessimistic forecasts say that the share of non-performing loans could reach 20%.
Despite pessimistic forecasts at the start of the year, the euro did not crash and burn.
An optimistic and pessimistic forecast was drawn up for each forecast.
Equities tumbled as U.S. payrolls climbed by 69,000 last month, less than the most pessimistic forecast.
More pessimistic forecasts envision the economy remaining weak through most or all of next year.
But the loss of a mere 20% of the season falls far short of the pessimistic forecasts made earlier this month.
Administration officials who offered dissenting views or pessimistic forecasts would have had to be heard rather than silenced or fired.
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