With most economists projecting a 2013 expansion of about 3.5, this could cut growth by between one-third and, well, 100 percent.
Remember those new estimates from the IMF of the "fiscal multiplier" - the amount that a given amount of budget cuts can be expected to cut growth?
BBC: Why is America's fiscal cliff more worrying than Europe's?
In September, Goldman Sachs cut its forecast for GDP growth to 1% for the 3rd quarter and 1.5% for the 4th quarter, while JPMorgan Chase cut its growth projection to just 1.0% for the 4th quarter, and only 0.5% for the 1st quarter of 2012.
India's central bank has cut its growth forecast for the country which is one of the world's fastest-growing.
The OECD cut its growth forecast across its 34 members for this year and next.
Mr Mukherjee has cut his growth forecast for the year, from 9% to 7.5%.
The IMF cut its growth projections for the world for 2009 to 3.0%, from a July prediction of 3.9%.
Asian Development Bank cut their growth forecast for China Wednesday to 7.7 percent from 8.5 percent previously.
The World Bank cut its growth forecast for China this year to 7.7% from its May outlook of 8.2%.
The European Union has drastically cut its growth forecast for the eurozone in 2012, from 1.8% down to just 0.5%.
And on October 21st, the European Commission cut its growth forecast for the euro zone in 1999 by 0.6%, to 2.6%.
But last month the central bank cut its growth forecast for 2013, saying the country's economy might be entering a recession.
The International Monetary Fund (IMF) has cut its growth forecast for South Korea, citing risks from further intensification of the eurozone crisis.
BBC: IMF cuts South Korea growth forecast amid euro concerns
The bank cites Fed research and data to conclude that a 50 bp yield increase would cut GDP growth by 0.4 percentage points.
Suggesting that we make cut the growth rate of spending to keep the ratio of government-to-GDP near historical levels, as Paul Ryan has suggested?
FORBES: Paul Ryan's Budget is Not Nearly as Radical as the Status Quo
Step two, cut spending growth, and let revenues surge past it.
FORBES: Washington Post Misleads Readers About Paul Ryan, Tax Rates and Deficits
Edgardo Angara, chairman of the Philippine National Bank, PAL's biggest domestic creditor, reckons killing off the carrier could cut GDP growth by as much as 1%.
Blanchard spoke of the U.S. splitting away from other major economies on stronger private demand, yet the IMF cut its growth forecast 0.2 percentage points to 1.9%.
FORBES: IMF Warns Of 'Dangerous' Recovery As It Cuts U.S. And Global Growth Estimates
That is less than predicted by Brazil's finance ministry, which cut its growth forecast for 2012 to 2% this year, down from its previous forecast of 3%.
The Asian Development Bank (ADB) has cut its growth forecast for Asia for this year and next, as economic problems in Europe and the US hurt developing countries.
The governor has just cut his growth forecast for this year - and if things get worse in the West, he admits he may have to do so again.
In September, the government cut its growth forecast for the year to 2% - a figure that was still seen as too optimistic by markets even before the latest data release.
Also last week, the IMF cut its growth forecast for the UK, and its chief economist, Olivier Blanchard, urged the UK to rethink its austerity policy in the face of continuing weakness in the economy.
And although he said government spending plans were one of the reasons that the Bank had cut its growth forecast, he stressed that the chancellor's cost-cutting plans also reduce the risk of a new crisis for the economy.
That's why I want to cut the growth of tuition in half over the next 10 years. (Applause.) That's why I want to recruit 100, 000 new math and science teachers so our country doesn't fall behind.
Spine device maker Alphatec Holdings was the biggest loser among medical stocks in August, as its shares dropped 51% as a slowing market for back surgery devices and trouble managing an integration cut its growth outlook for the year.
Following in the footsteps of downgrades by other intergovernmental organizations, the Asian Development Bank cut its growth forecast for Asia's developing economies, including China, India and South Korea, to 3.4%, from 5.6%, marking the slowest pace in a decade.
Last month, Germany's central bank, the Bundesbank, cut its growth forecast for this year to 0.4% and warned that the economy may have contracted in the final three months of 2012, and may do so again in first quarter of 2013.
So, New Hampshire, I need you to help me recruit 100, 000 math and science teachers, and improve early-childhood education, and give 2 million workers the skills they need at community colleges, and help colleges and universities cut tuition growth in half over the next 10 years.
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