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Analysts had been predicting growth of 12 to 15percentt.
A year ago, economic forecasters were predicting growth of 2%.
The budget was predicting growth of 4%, and for next year a mere 3%.
City forecasts are predicting growth of up to 0.8% for the last quarter.
The OECD is predicting growth of 2.7% in 2015 and 2.5% in 2016.
It claimed also the authority had used an "unreliable" means of predicting growth.
Transit managers are predicting growth of 5percentt or more this year, the largest increase in at least a decade.
The International Monetary Fund is predicting growth will slow to 1.1% next year from 1.8% in 2016.
The Bank is predicting growth will peak at 0.9% in the second quarter, following 0.8% growth in the first quarter.
The company also presented an upbeat outlook for its just-started fiscal year, predicting growth of another 30percentt.
And economic observers are wary about predicting growth after a series of false starts followed the 2001 recession.
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CEO of Professional Science Editing for Scientists @ prosciediting.com