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"Using better-than-expected revenue forecasts to scale back previously announced expenditure cuts suggests that this may pose downside risks to fiscal targets," it added.
"But growth remains positive – we have not assumed more aggressive job shedding or a jump in precautionary saving, both of which pose downside risks if the road to Brexit is bumpy".
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"Oil poses downside risks to both the United States and the global economies," said Richard Berner, chief United States economist at Morgan Stanley Dean Witter.
"The persistence of inflation in domestically-determined prices poses downside risk to the Brazilian outlook," he says.
The stunning scenery may also pose a downside, Pastor Taylor said.
"Strains in global financial markets continue to pose significant downside risks to the economic outlook".
Furthermore, strains in global financial markets continue to pose significant downside risks to the economic outlook.
"I acknowledge that yen rises pose a downside risk to business sentiment," he said.
Moreover, recent increases in oil prices pose "additional downside risks to growth," he said.
"Strains in global financial markets continue to pose significant downside risks to the economic outlook," the Fed said.
The budget papers sound a note of caution over house prices, which Treasury says pose a downside risk to the economic forecasts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com