The June Summary of Economic Projections for 2014 gross domestic product (GDP) growth showed a decrease at the lower and upper bounds of the central tendency from the March projection. The long-term central tendency projection decreased at the lower bound from 2.2 percent in March to 2.1 percent in June, and the upper bound remained the same as the March projection, at 2.3 percent.

The View from the Fed: Summary of Economic Projections, Change in real GDP