“Good” growth is 3%+. We aren’t there. Decent 2%+ which we should see Q2-Q4 and what we’ve seen the last several years. Sub-optimal for sure but decent.
So it will amount to less than 1.5% growth for the 2014 calendar year.
1.5% GDP growth is not even treading water. Real GDP increased 1.9 percent in 2013. We seem to be heading lower.