Neil Shearing of Capital Economics thinks GDP is more likely to fall by 3%.
Gavin Mutch, 32, who represented Scotland, won the World Open Machine Shearing event, for those on national teams.
Rebecca Shearing, manager of West Cornwall Community Wheels, said if the cuts were made, the service could close.
BBC: Cornwall Council's bus funding cut plan 'threat to all'
Professor Shearing said the Police Bill failed to fulfill the hopes and vision of the Good Friday Agreement.
As Neil Shearing of Capital Economics, a consultancy, points out, the ten new members share some gloomy features.
ECONOMIST: Eastern Europe��s economies: Some calm amid storms | The
"If bowling is a sport then sheep shearing definitely is, " said Alex Moser, 31, a shearer from Lester, Iowa.
Here, notes Mr Shearing, Hungary could be the most vulnerable, thanks to a combination of indebtedness and political unpredictability.
ECONOMIST: Eastern Europe��s economies: Some calm amid storms | The
Twenty eight countries, including a team from Japan, took part in the two-day Golden Shears World Shearing and Woolhandling Championships.
He too has been an absentee over the winter months, shearing sheep in New Zealand, but has returned this week.
But days before the legislation reached the end of its passage in November, his former colleague, Professor Clifford Shearing went further.
Zineisbld Elliot Ntsombo, of The Kingdom of Lesotho, won the individual blade shearing competition, while Cam Ferguson picked up third place.
In the team events, South Africa were crowned champions in the blade shearing, while Lesotho was second and New Zealand third.
Kiwis, as New Zealanders are known, find shearing makes a fun bet.
Mothers train their daughters to use the materials, tools and skills, while fathers train their sons in shearing wool and making looms.
By our reckoning, just about every man and his dog is getting involved, and occasionally even some sheep ( Shearing and Wool Handling Championships).
Some think shearing should be recognized as a sport like rodeo.
Cam Ferguson of New Zealand took the prestigious machine shearing championship.
Writing in The Guardian, Professor Clifford Shearing accused the government of dismantling the foundations of the report drafted by the commission headed by EU commissioner Chris Patten.
To accommodate visitors and the fans of the shearing teams, an additional grandstand was positioned opposite the showground's Meirion Shearing Centre and there was also two large viewing screens.
In the end, New Zealander John Kirkpatrick, 41, took away the Golden Shears Open Shearing Final, which is open to all shearers whether they made their national team or not.
Eric Byer, "the mastermind of the entire franchise, " and then Rachel Weisz as Dr. Marta Shearing, a research scientist involved with the Outcome program who teams up with Cross to survive.
"It takes the same amount of energy to work in a shearing shed for eight hours as it does to run a marathon twice, " said Leann Brimmer, 38, of Biddle, Mont.
In 1952, Mr. Thielemans began a seven-year tenure with pianist and fellow European George Shearing, which helped establish the Belgian as Adler's successor as the most famous "mouth organist" in the world.
Not only was she in New Zealand competing as a wool handler, but she travels the world following the shearing season each year sorting the fleeces as they come off the animals.
TAB, New Zealand's official betting agency, which set up a large tent across the road from the competition, expanded the number and types of shearing-related bets to meet demand, taking wagers in different divisions.
Ten years ago, Chamberlin, who is also a sheep farmer, noted during a sheep shearing session that he and his sheep were suffering from a massive fly infestation, while his pet cockatoo was being ignored by the flies.
Dozens of official reports, plans and national strategies, and promises of technical help, have failed to overcome a vicious circle: most herders are poor, have too few animals, and cannot afford the improvements in breeding, pasture management and shearing needed to raise fibre quality and yield.
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