Warren Buffett: "It seems that the pace of growth has slowed down"

Billionaire Warren Buffett said economic growth has recently lost some of its momentum.

"It seems that the pace of growth has slowed down," said Berkshire Hathaway CEO. "For the time being, I would call this barely noticeable, no more."

Buffett said BNSF's delay, the Berkshire-owned railway company, is a signal for slow growth, but added that some of the data may be untrue due to their seasonal nature, such as weather.

His comments come during worries that the US is losing its growth. This added to the volatility of the stock markets and pushed the yield on government securities down.

Still, Buffett says he does not bother.

"But it really seems as if it's slowing down. I'm not saying growth has turned its trend, but it looks like we're judging businesses, especially railway statics - the economy is growing at a slower pace," Buffett said. "It does not change how we do things, and if we have a bright red signal, we will continue to invest as we always are."

He also reiterated that the United States is the best place to invest. "You really want to bet on America," Buffett said. "God has blessed America."

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