forecast

It seemed something of a wow earlier this week when Deutsche Bank rolled out its S&P 500 forecasts, predicting an 8,000 finish for the index next year.

In new forecasts, the OBR said the government will meet the first target with “headroom” of 22 billion pounds, and its second with headroom of 24 billion pounds.

It said lower productivity growth - a measure of output of the economy per hour worked - was behind the weaker growth forecast.

Its economic forecast appeared on its website unexpectedly early.

Other forecasts have placed growth estimates in a similar range.