The weak start to the year, which we believe was principally due to the record cold winter in the Northeast, doesn't change our view that the US economy will perform strongly over the next 18 months. We now expect GDP growth of only 2.3% in 2015, but it should accelerate to 2.8% in 2016, before tighter monetary policy prompts a slowdown to 2.5% in 2017.
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