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Higher demand should also facilitate the working off of a presumed excess capital stock, though, doubtless, at a more modest pace.
But in the third quarter, this heady expansion slowed to a more modest pace of 1.1%.A bounceback in consumer spending looks increasingly unlikely as the housing market weakens further.
The reading underlined a picture that has been crystallizing since last year: That the years of double-digit growth are a thing of the past, and that China's economy has, for now, settled into a more modest pace of expansion.
Still, in interviews last week, Richard D. Parsons, AOL Time Warner's new chief executive, said the company was still looking for opportunities to integrate operations, albeit at a more modest pace.
That decision was praised on Wednesday by the Organisation for Economic Cooperation and Development in its annual survey of Britain, which said a more modest pace of deficit reduction was warranted given the poor performance of the economy.
The report found growth had accelerated faster in service sector activity, with goods production increasing at a more modest pace.
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The French economy also saw business activity increase for a second month, although at a slightly more modest pace than in February, when it hit a 42-month high.
Apple is still growing — which is still remarkable — but at a much more modest pace.
The fact is, the 3D printing market continues to grow – albeit at a much more modest pace than many extremely bullish pundits initially speculated.
The fund's Global Prospects and Policy Challenges – prepared for the G20 meeting – said recent data had shown "muted activity, slower trade growth, and very low inflation, pointing to an even more modest pace of global growth this year.
Liverpool was a more modest place.
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