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"With inflation forecasts for next year sliding, the Bank is under no pressure to hike rates.
Analysts at UBS have cut their earnings forecasts for next year, and moved their recommendation from buy to neutral.
But it is too late for that now, with a budget deficit of an extraordinary 11-12% of GDP popping up in many forecasts for next year.
The chancellor's message is likely to be grim: a downgrade to official growth forecasts for next year and beyond seems certain.
Last month, Sprint, based in Reston, Va., cut its forecasts for next year, having lost the most contract subscribers since at least 2005.
On Tesco, the bank has cut its earnings forecasts for next year by 7% and for 2015 by 10%, ahead of figures to be announced on 16 April.
Similar(39)
Mr. Levy raised his revenue forecasts for this year and next.
The independent Office for Budget Responsibility confounded the expectations of a raft of City experts as Osborne said borrowing would be £8 billion lower than forecast over the course of the parliament, while the watchdog also lifted growth forecasts for next year and 2017.
John Butler, chief UK economist at HSBC, says that despite the embarrassing climbdown of December's pre-Budget report, when Brown was forced to halve his forecasts for economic growth last year, the Treasury's forecasts for next year still look too optimistic.
Forecasts for 2012 have been slashed.
Yahoo modestly increased its forecasts for 2002.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com