GDP grew at a rate of 2.1 percent,  BIS central bankers’ speeches  1  including a decline in private consumption, not only in the consumption of durables, but also in current consumption, which is very rare. The last time we saw negative growth in private consumption was at the height of the global financial crisis.
The question arises as to whether these are really serious signals of moderation in the growth of the economy. In this context, we must remember that first quarter data in the US and Europe were also disappointing, and some of that is related to the weather in both the US and Europe.