"Productivity gains often fall off sharply when output growth slows."
Instead, they may seek to curb their output growth, leading to higher oil prices.
"In the short term, the Fed will face slowing output growth, possible with higher inflation."
"We're starting to see that job growth and output growth are coming into a better alignment."
Any calculation of output growth is necessarily on a very broad base.
The economy grew after 1982, achieving an annual average output growth of more than 3% between 1983-1985.
Much of the output growth during this period came from small local mines.
The increase was marginally bigger than output growth of 1.9 percent registered in 1986.
"Thus, international trade will remain an important source of stimulus and support for output growth," it added.
He estimated that course of events would shave no more than half a percentage point from output growth in the fourth quarter.