We won’t know what the official first estimate will be until the end of this month, but even that slight slowdown would lead to full-year growth in 2014 that is a bit higher than many had expected.
BIS central bankers’ speeches  1  Looking forward, I believe we will see growth averaging about 3 percent in 2015 before edging down to a long-term trend growth rate of about 2.4 percent. Recent data also show a stronger contribution from consumer spending, which accounts for more than two-thirds of the GDP.