downgrade

Yes the economy is forecast to grow more slowly than expected because long-term productivity has been downgraded, but it also starts from a better base thanks to outperformance and upgrades this year.

Markets appeared to look past the government's downgrades to British economic growth, from next year until the end of 2029, in data released alongside the annual budget.

The downgrade in growth was a result of the OBR lowering its expectations for the UK's productivity by 0.3 percentage points.

The brokerage downgrades Lenovo’s stock to hold from buy amid limited visibility of any resolution in memory chip price hikes in the near term, they say.

That makes bond investors especially attuned to the risk that outsize AI investments won’t live up to their hype; even a ratings downgrade can hurt returns, let alone a default.