VipulNaik comments on Time series forecasting for global temperature: an outside view of climate forecasting - Less Wrong
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Yes, 1998 was an unusually warm year due to the El Nino, and that would have made the next few years look less warm by comparison, but it's not enough to explain the 15 years since then with a fairly small rate of warming.
The pause in warming is actually a widely acknowledged issue and many papers have been published about it, see for instance http://fabiusmaximus.com/2014/01/17/climate-change-global-warming-62141/