Quote Originally Posted by PanzerJaeger View Post
I don't think that analysis is all that positive. Percentage growth can be very misleading. For example, a jump from 1 to 10 represents a percentage jump far greater than a jump from 100 to 110, despite the real numbers being equal. If such growth can be sustained over a long period of time, it can become significant.
Sure, but let's be realistic here: the difference between 1 and 10 units of economic output if you share it with 10M people is rather more appealing than the difference between 100 and 110M people given how prices will differ in the 1 unit vs the 100 unit stage. It's the same reason a 0.1% growth in the USA might amount to far more than 10% growth in Kenia, but 10% growth in Kenia buys the Kenians rather more lunch than 0.1% growth does the Americans.