No one else is forecasting such a huge permanent hangover from the financial and economic crisis.
In July, he had forecast a 4 percent gain for 2005 from 2004.
It is the first time that the market has forecast a quarter-point cut from the current level, already extremely low by historical standards.
In it, some 250 prominent figures forecast everything from a planet at peace to global nuclear holocaust.
It is common to forecast a small increase from those figures, but not much.
For 2004, the bank is forecasting 1.6 percent growth, down from 2.4 percent.
Interim figures are forecast at £40m down from £72m, with a cut in the dividend expected.
The 3.9 percent decline in January surprised economists, who had forecast little or no change from the month before.
Like trying to forecast Earth's weather from the bottom of the ocean.
Budget negotiators in Congress originally forecast revenues of $9 billion from the tax.