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It had earlier forecast growth of 2%.
Economists had forecast growth of 3.5 percent.
City economists had forecast growth of 2.1%.
The central bank has forecast growth of 2.3% this year.
For all of 2004, analysts forecast growth of 18.6percentt.
The company had forecast growth of 10percentt worldwide.
Economists polled by Reuters forecast growth of 0.9percentt.
Economists in a Reuters poll had forecast growth of 0.4%.
Mr. Shapiro correctly forecast growth and inflation levels for 2007.
Last November, it had forecast growth of 0.5 percent.
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Stocks advanced on Friday as stronger-than-forecast growth in jobs bolstered confidence in the nation's economy.
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