The result, he said, is that growth may slow in the coming months.
Growth has slowed to nearly half the rate of a few years ago.
Over the last five years, its growth has slowed to an average of 4%.
No one would want to wait three years to find out if growth was slowing.
Over the last 22 years, however, the nation's economic growth has slowed to 2.3 percent a year on average.
From 1988 to the present, he said, the growth had slowed to 1.6 percent.
In the 1990's, the growth slowed to an average of 6.3 percent a year.
From 2003 to 2008, growth had slowed to an average annual increase of just over 1 percent.
But beginning in the third quarter of 1995, growth slowed.
But some analysts fear that growth will slow past 2005.