According to their baseline scenario, U.S. GDP is expected to grow just 2.2% this year and 1.8% in 2013.

FORBES: Double-Dip Recession 20% To 25% Likely If Fiscal Cliff Hits, S&P Warns

Confirming this sentiment and creating a win-win scenario for the CAD was a better than expected US Manufacturing PMI reading out of the United States.

FORBES: Dollar Whacked By Chinese Manufacturing Numbers, Pound And Euro Look Peppy

The panel urged that the tests be repeated, since unemployment is expected to exceed the level envisaged in the worst-case scenario.

ECONOMIST: Repaying TARP money