This comes after a decade of negative or low growth.
"The country is simply going to have to accept lower growth," a Western diplomat said.
I am confident the period of low growth will be short-lived.no one need have any doubt about that.
All this is likely to mean somewhat lower growth ahead.
The low growth of retail sales could make the market consider this possibility.
In early 1973 the economy began to shrink and continued to decline or have very low growth for nearly two years.
This year we've said we'll be looking at much lower growth.
But why try to get the lower growth back?
Are lower growth, fewer jobs and higher prices really what Europeans want?
"That is why I feel optimistic, although we may get a quarter here with really quite low growth."