He said “slowing growth rate” not “shrinking economy”. Take 1900 to 2025 (or 2019 if you want to dodge covid) and EMA the (g’-g)/g and it will be visually apparent.
Quite hard to see higher derivatives or rates in the g vs. t graph. You need to plot at least dg/dt vs t to see. But definitely need dg/g vs t to see.
Haven’t looked at the true data (though it would be unsurprising) but your graph on its own hard to spot plus explanation makes no sense.
Quite hard to see higher derivatives or rates in the g vs. t graph. You need to plot at least dg/dt vs t to see. But definitely need dg/g vs t to see.
Haven’t looked at the true data (though it would be unsurprising) but your graph on its own hard to spot plus explanation makes no sense.
100,200,300,400,500
100%,50%,33%,25%
Increasing g, decreasing dg/g