An atmosphere of caution takes hold, and affects everyone’s behaviour to some extent. For some it might just mean eating out less often, or cancelling an overseas holiday. Employers become more cautious about hiring, so those who lose their jobs face longer spells out of work. For some it might mean postponing retirement; for others delaying having (or cutting back the number of) children.
We have finished accelerating and in fact the risk is that growth will fall back…  1/5  BIS central bankers' speeches  No, I don’t think that it’s worth being frightened by a few indicators. Growth is strong. There is a kind of stabilisation of the growth rate, when we talk about what’s called the “second derivative” rather than growth itself.