[slt2021]

it is possible to have exponential growth with a brief period of financial crash/recession, when prices reset to previous bottoms and exponential growth continues (boom&bust cycle).

so far it has been the case with human economics across all countries/economies. yes some shareholders will be zeroed out during recession, but others will continue on the growth journey

[dredmorbius]

That's known as a boom-bust cycle.

It's common in finance and population ecology. See, e.g., lynx-hare population dynamics.